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NEW YORK, March 2, 2017 — Cerberus Business Finance, LLC (“CBF”), an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), announced today that it completed the final closing of its latest middle-market direct lending fund, Cerberus Levered Loan Opportunities Fund III (“Fund III”). The aggregate Fund III closing amount of $2.05 billion exceeded its target of … Read more

FRAMINGHAM, MA and NEW YORK, February 28, 2017 — Staples, Inc. (NASDAQ: SPLS) and Cerberus Capital Management, L.P. (“Cerberus”) today announced the completion of the sale of a controlling interest in Staples’ European operations to a Cerberus affiliate. Staples, Inc. will retain a 15 percent equity interest in the business, which has been separated into … Read more

BOSTON, Feb. 16, 2017 — Steward Health Care System (“Steward”) today announced it has signed an Asset Purchase Agreement to acquire eight community hospitals affiliated with Community Health Systems (“CHS”). The transaction is expected to close in the second quarter of 2017, subject to customary regulatory approvals and closing conditions. The hospitals involved in the … Read more

NEW YORK, Jan. 24, 2017 — Cerberus Capital Management announced today that it raised $1.8 billion for its fourth global opportunistic real estate fund, Cerberus Institutional Real Estate Partners IV, L.P. (CIREP IV). As with previous funds, CIREP IV will pursue an investment strategy focused on distressed or otherwise undervalued real estate transactions globally, with … Read more

HOUSTON, January 19, 2017 — Keane Group, Inc. (“Keane” or the “Company”) announced today the pricing of its initial public offering of 26,760,000 shares of its common stock at a public offering price of $19.00 per share. 15,700,000 of the shares are being offered by the Company and 11,060,000 shares are being offered by the … Read more

Approval of Purchase Agreement Paves Way for Chapter 11 Exit SAN DIEGO, Jan.9, 2017 — Garden Fresh Restaurant Corp. (“Garden Fresh”) announced today that it will sell the company’s assets to affiliates of Cerberus Capital Management, L.P. (“Cerberus”) and its partners. Garden Fresh expects to emerge from its Chapter 11 restructuring process later this month. … Read more

HOUSTON, January 9, 2017 — Keane Group, Inc. (“Keane” or the “Company”) announced today the commencement of its initial public offering of 15,300,000 shares of its common stock, at an anticipated initial public offering price between $17.00 and $19.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities … Read more

FRAMINGHAM, MA and NEW YORK, December 7, 2016 — Staples, Inc. (NASDAQ:SPLS) and Cerberus Capital Management, L.P. (Cerberus) announced today that Staples and Cerberus have entered into an agreement in relation to the sale of a controlling interest in Staples’ European operations to a Cerberus affiliate. Staples’ European business consists of retail, contract, and online … Read more