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55 Results Found

February 18, 2020 · News

Cerberus Acquires 12 Office Buildings in São Paulo and Rio de Janeiro

SÃO PAULO – February 17, 2020 – Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing, today announced the acquisition of 12 office buildings in Brazil from BR Properties, the largest publicly traded office building owner in Brazil. The portfolio includes seven properties in São Paulo and five properties in Rio de Janeiro. The transaction, which was completed in December of last year, is valued at over $R600 million.

February 06, 2020 · News

Funds Managed by Affiliates of Apollo Global Management to Acquire Covis Pharma from Cerberus

Amsterdam, Netherlands and New York, February 06, 2020 – Funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO), a leading global alternative investment manager, today announced that they have agreed to acquire Covis Pharma BV (“Covis Pharma” or “Covis”), a global specialty pharmaceutical company, from an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing.

January 15, 2020 · News

LPC West and Cerberus Acquire Three-Tower Office Campus in Renton, WA

Renton, WA – January 15, 2020 – LPC West, the West Coast arm of national real estate firm Lincoln Property Company, together with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, has acquired Triton Towers. The office campus, located in Renton, Washington, encompasses more than 400,000 square feet across … Read more

January 13, 2020 · News

Kellermeyer Bergensons Services Acquires Hospitality Staffing Solutions

Oceanside, CA – January 13, 2020 – Kellermeyer Bergensons Services, LLC (“KBS”), a leading provider of technology-enabled, integrated facility management services, today announced its acquisition of Hospitality Staffing Solutions, LLC (“HSS”). HSS was previously owned by Littlejohn Capital in partnership with Caymus Equity Partners. Headquartered in Atlanta, Georgia, HSS is a leading provider of outsourced … Read more

December 20, 2019 · News

Cerberus Completes Acquisition of Closure Systems International

NEW YORK – December 20, 2019 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that its affiliates have completed the acquisition of the North American, Costa Rican, and Japanese businesses and related facilities of Closure Systems International (“CSI”) from affiliates of Reynolds Group Holdings Limited (“Reynolds Group”). Reynolds Group … Read more

November 15, 2019 · News

Cerberus Acquires Off Lease Only

NEW YORK – November 15, 2019 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired an 80% interest in Off Lease Only, LLC (“Off Lease Only” or the “Company”), a leading independent, used-car dealer in the United States. Under the terms of the … Read more

November 13, 2019 · News

GI Partners Completes Sale of Kellermeyer Bergensons Services to Cerberus Capital Management

SAN FRANCISCO and NEW YORK – November 13, 2019 – GI Partners, a leading private investment firm, today announced that it has completed the sale of Kellermeyer Bergensons Services, LLC (“KBS” or the “Company”) to an affiliate of Cerberus Capital Management, L. P. (“Cerberus”). Headquartered in Oceanside, California, KBS is a leading provider of technology-enabled, … Read more

October 28, 2019 · News

Hines and Cerberus Acquire 2.1 Million-Square-Foot Complex in Houston

HOUSTON – October 28, 2019 – Hines, the international real estate firm, and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, have officially closed on 600 Travis Street (formerly JPMorgan Chase Tower) and the adjacent 601 Travis Street (formerly JPMorgan Chase Center), totaling 2.1 million square feet of office … Read more

February 18, 2020 · Press Release

Cerberus Acquires 12 Office Buildings in São Paulo and Rio de Janeiro

SÃO PAULO – February 17, 2020 – Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing, today announced the acquisition of 12 office buildings in Brazil from BR Properties, the largest publicly traded office building owner in Brazil. The portfolio includes seven properties in São Paulo and five properties in Rio de Janeiro. The transaction, which was completed in December of last year, is valued at over $R600 million.

February 06, 2020 · Press Release

Funds Managed by Affiliates of Apollo Global Management to Acquire Covis Pharma from Cerberus

Amsterdam, Netherlands and New York, February 06, 2020 – Funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO), a leading global alternative investment manager, today announced that they have agreed to acquire Covis Pharma BV (“Covis Pharma” or “Covis”), a global specialty pharmaceutical company, from an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing.

January 15, 2020 · Press Release

LPC West and Cerberus Acquire Three-Tower Office Campus in Renton, WA

Renton, WA – January 15, 2020 – LPC West, the West Coast arm of national real estate firm Lincoln Property Company, together with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, has acquired Triton Towers. The office campus, located in Renton, Washington, encompasses more than 400,000 square feet across … Read more

January 13, 2020 · Press Release

Kellermeyer Bergensons Services Acquires Hospitality Staffing Solutions

Oceanside, CA – January 13, 2020 – Kellermeyer Bergensons Services, LLC (“KBS”), a leading provider of technology-enabled, integrated facility management services, today announced its acquisition of Hospitality Staffing Solutions, LLC (“HSS”). HSS was previously owned by Littlejohn Capital in partnership with Caymus Equity Partners. Headquartered in Atlanta, Georgia, HSS is a leading provider of outsourced … Read more

December 20, 2019 · Press Release

Cerberus Completes Acquisition of Closure Systems International

NEW YORK – December 20, 2019 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that its affiliates have completed the acquisition of the North American, Costa Rican, and Japanese businesses and related facilities of Closure Systems International (“CSI”) from affiliates of Reynolds Group Holdings Limited (“Reynolds Group”). Reynolds Group … Read more

November 15, 2019 · Press Release

Cerberus Acquires Off Lease Only

NEW YORK – November 15, 2019 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired an 80% interest in Off Lease Only, LLC (“Off Lease Only” or the “Company”), a leading independent, used-car dealer in the United States. Under the terms of the … Read more

November 13, 2019 · Press Release

GI Partners Completes Sale of Kellermeyer Bergensons Services to Cerberus Capital Management

SAN FRANCISCO and NEW YORK – November 13, 2019 – GI Partners, a leading private investment firm, today announced that it has completed the sale of Kellermeyer Bergensons Services, LLC (“KBS” or the “Company”) to an affiliate of Cerberus Capital Management, L. P. (“Cerberus”). Headquartered in Oceanside, California, KBS is a leading provider of technology-enabled, … Read more

October 28, 2019 · Press Release

Hines and Cerberus Acquire 2.1 Million-Square-Foot Complex in Houston

HOUSTON – October 28, 2019 – Hines, the international real estate firm, and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, have officially closed on 600 Travis Street (formerly JPMorgan Chase Tower) and the adjacent 601 Travis Street (formerly JPMorgan Chase Center), totaling 2.1 million square feet of office … Read more

October 22, 2019 · Press Release

Cerberus to Acquire Kellermeyer Bergensons Services from GI Partners

NEW YORK – October 22, 2019 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has entered into a definitive agreement to acquire Kellermeyer Bergensons Services, LLC (“KBS” or the “Company”) from affiliates of GI Partners. Headquartered in Oceanside, California, KBS is a leading provider … Read more

October 14, 2019 · Press Release

Cerberus to Acquire Closure Systems International from Reynolds Group

NEW YORK – October 14, 2019 – Cerberus Capital Management, L.P., a global leader in alternative investing, today announced that one of its affiliates has entered into a definitive agreement to acquire the North American, Costa Rican, and Japanese businesses and related facilities of Closure Systems International, a global leader in closure design, manufacturing, and … Read more

September 09, 2019 · Press Release

Cerberus Signs Agreement to Acquire Axsesstoday

NEW YORK – September 9, 2019 – Cerberus Capital Management, L.P. and its affiliates (collectively, “Cerberus”), a global leader in alternative investing, is pleased to have executed a Deed of Company Arrangement related to certain subsidiaries of Axsesstoday Limited (“Axsesstoday” or the “Company”), a provider of equipment finance solutions to small and medium businesses in … Read more

July 26, 2019 · Press Release

Cerberus Publishes 2018 Environmental, Social, and Governance Report

Cerberus is pleased to share its 2018 Environmental, Social, and Governance (ESG) Report. The report demonstrates the depth and breadth of the Firm’s ESG work and highlights Cerberus’ ongoing focus on driving ESG best practices within its platform and investments.

April 18, 2019 · Press Release

Cerberus Closes $5.1 Billion of Commitments for Global NPL Strategy

NEW YORK, April 18, 2019 – Cerberus Capital Management, L.P., (collectively with its affiliates, “Cerberus”), a global leader in alternative investing, today announced the close of approximately $5.1 billion of commitments for its global non-performing loan (“NPL”) strategy. Cerberus Global NPL Fund, L.P. (“Global NPL Fund”) initially targeted $3.5 billion in commitments and closed approximately $4.1 billion of commitments from existing and new limited partners. In addition to the Global NPL Fund, Cerberus raised over $1.0 billion of commitments in separately managed accounts (“SMAs”) for its global NPL strategy.

April 10, 2019 · Press Release

PropertyEU’s Exclusive Interview with Cerberus’ Real Estate Team

PropertyEU published an in-depth profile on Cerberus’ real estate platform, highlighting the firm’s track record in Europe over the past years. Lee Millstein, President of Cerberus Global Investments and Global Head of Real Estate, Ron Rawald, Head of International Real Estate, and Daniel Dejanovic, Head of European Real Estate, provided exclusive insights into Cerberus’ real estate activities across Europe and plans for the future.

March 04, 2019 · Press Release

Cerberus Completes Acquisition of Sparton Corporation

SCHAUMBURG, Ill., March 4, 2019 – Sparton Corporation (“Sparton” or the “Company”) (NYSE:SPA) today announced the completion of its acquisition by Sparton Parent, Inc. (formerly known as Striker Parent 2018, LLC) (“Parent”), an affiliate of Cerberus Capital Management, L.P. (“Cerberus”). Pursuant to the terms of the transaction, Sparton has become a wholly owned subsidiary of … Read more

December 12, 2018 · Press Release

Sparton Corporation to be Acquired by Cerberus

SCHAUMBURG, Ill., December 12, 2018 – Sparton Corporation (“Sparton” or the “Company”) (NYSE:SPA) today announced that it has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. Under the terms of the agreement, Cerberus will acquire all outstanding shares of Sparton’s common stock for $18.50 per share in cash.

December 03, 2018 · Press Release

Cerberus to Acquire Majority Interest in Navistar Defense

NEW YORK, NY, December 3, 2018 – Cerberus Capital Management, L.P. (“Cerberus”) today announced a definitive agreement with Navistar International Corporation (NYSE: NAV) (“Navistar”) under which certain affiliates of Cerberus will acquire a 70% interest in Navistar’s defense business, Navistar Defense, LLC (“Navistar Defense”). Headquartered in Lisle, Illinois, Navistar Defense is a leading tactical wheeled vehicle … Read more

November 06, 2018 · Press Release

Revetas and Cerberus Announce Acquisition of Bucharest Office Complex

LONDON and NEW YORK, November 6, 2018 – Revetas Capital Advisors LLP (“Revetas”) and Cerberus Capital Management, L.P. and its affiliates (“Cerberus”) today announced the acquisition of the Landmark, a newly built office complex in a prime location in Bucharest, Romania (“Project Marina”). The complex, with approximately 23,500 sqm of gross leasable area, is the … Read more

November 05, 2018 · Press Release

Cerberus Completes Acquisition of SubCom

NEW YORK, NY, November 5, 2018 – Cerberus Capital Management, L.P. and its affiliates (collectively, “Cerberus”), a global leader in alternative investing, today announced that it has completed the acquisition of the Subsea Communications business of TE Connectivity Ltd. (“TE”). Upon closing, the business has been rebranded to SubCom, LLC (“SubCom”) and industry veteran David Coughlan has been appointed Chief Executive Officer of the new company.

November 01, 2018 · Press Release

Cerberus Capital Management Acquires SGI Frontier Capital

NEW YORK and SINGAPORE, November 1, 2018 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced the strategic acquisition of SGI Frontier Capital (“SGI”), a leading private equity firm focused on frontier markets in Asia and Africa. Headquartered in Singapore with over 20 professionals across six locations, SGI has an … Read more

October 15, 2018 · Press Release

Cerberus Finalizes the Acquisition of BBVA’s Real Estate Business

MADRID, October 15, 2018 – Cerberus Capital Management, L.P. and its affiliates (“Cerberus”) today announced the completion of the transaction with Grupo BBVA (“BBVA”) to transfer 80% of BBVA’s real estate business in Spain to Cerberus, including the assets, business, and approximately 400 professionals making up the Anida workforce.

September 27, 2018 · Press Release

Cerberus Launches New Technology Company, Cerberus Technology Solutions

NEW YORK, September 27, 2018 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced the launch of Cerberus Technology Solutions (“Cerberus Technology”), a new operating subsidiary that will lead technology transformations and modernizations across Cerberus’ global portfolio and facilitate new investments in technology, advanced analytics, and data companies. The firm also announced that Len Laufer has joined as Senior Managing Director and will serve as Chief Executive Officer of Cerberus Technology, which will be chaired by Cerberus President Matt Zames.

September 17, 2018 · Press Release

Cerberus to Acquire Subsea Communications Business from TE Connectivity

NEW YORK, September 17, 2018 – Cerberus Capital Management, L.P. (“Cerberus”) today announced that one of its affiliates has entered into an agreement with TE Connectivity Ltd. (“TE”) under which Cerberus will acquire TE’s Subsea Communications business (“SubCom”). Headquartered in Eatontown, New Jersey, SubCom is a leading global supplier of subsea communications systems with approximately … Read more

August 09, 2018 · Press Release

Emergent BioSolutions to Acquire PaxVax from Cerberus Capital Management

REDWOOD CITY, CA, August 9, 2018 – PaxVax today announced that it has entered into a definitive agreement to be acquired by Emergent BioSolutions (NYSE: EBS) (“Emergent”). PaxVax is majority owned by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, and Ignition Growth Capital is a minority shareholder in the company.

August 03, 2018 · Press Release

Cerberus Completes Sale of Reydel Automotive Group

NEW YORK, August 3, 2018 – Cerberus Capital Management, L.P., on behalf of its affiliates (“Cerberus”), today announced the completion of the previously disclosed sale of its portfolio company Reydel Automotive Group (“Reydel”) to a subsidiary of Samvardhana Motherson Automotive Systems Group B.V. for a total purchase price of $201 million. Cerberus acquired Reydel from … Read more

July 06, 2018 · Press Release

Cerberus Agrees to Acquire a Majority Stake in Officine CST

LONDON and ROME, 6 July 2018 – Cerberus Capital Management and its affiliates (“Cerberus”), a global leader in alternative investing, today announced an agreement to acquire a 57% share of Officine CST SpA, a leader in Public Administration (“PA”) credit management. Headquartered in Rome, Officine CST provides integrated credit management services to large enterprises such as … Read more

June 27, 2018 · Press Release

Cerberus Capital Management Completes Acquisition of Electrical Components International

NEW YORK, June 27, 2018 – Cerberus Capital Management, L.P. (“Cerberus”) today announced the completion of the previously announced acquisition of Electrical Components International, Inc. (“ECI”) by a Cerberus affiliate from affiliates of KPS Capital Partners, LP. ECI is the world’s leading manufacturer of wire harnesses, control boxes, and value-added assembly services for consumer appliance … Read more

June 19, 2018 · Press Release

Cerberus Capital Management to Acquire Worldwide Flight Services

LONDON and PARIS, 19 June 2018 – Cerberus Capital Management, L.P. (“Cerberus”) today announced that one of its affiliates has entered into an agreement to acquire Worldwide Flight Services (“WFS”) from Platinum Equity. Headquartered in Paris, WFS is the world’s largest air cargo handler and a leading provider of ground handling services with over €1.2 … Read more

June 04, 2018 · Press Release

The Muller Company and Cerberus Capital Management Partner to Acquire Office Campus in Orem, Utah

IRVINE, CA and NEW YORK, June 4, 2018 – The Muller Company (“Muller”), a full-service real estate company specializing in the investment, development, and management of commercial real estate in the western United States, and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced the joint acquisition of … Read more

April 26, 2018 · Press Release

Cerberus Capital Management to Acquire Electrical Components International

NEW YORK, April 26, 2018 – Cerberus Capital Management, L.P. (“Cerberus”) today announced that one of its affiliates has entered into an agreement to acquire Electrical Components International, Inc. (“ECI”) from affiliates of KPS Capital Partners, LP. ECI is the world’s leading manufacturer of wire harnesses, control boxes, and value-added assembly services for consumer appliance … Read more

April 23, 2018 · Press Release

Harvest Properties and Cerberus Capital Management Acquire DC Station in Daly City, California

EMERYVILLE, CA and NEW YORK, April 23, 2018 – Harvest Properties, a full service commercial real estate investment, development, and management firm (“Harvest”) and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, announced today that they have acquired DC Station, an office property located in Daly City, California. The … Read more

April 19, 2018 · Press Release

Cerberus Appoints Matt Zames as President, Announces Promotions of Longstanding Leaders Frank Bruno and Lee Millstein

NEW YORK, April 19, 2018 – Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing, announced today that Matt Zames has been appointed President of Cerberus; Frank Bruno has been promoted to Co-Chief Executive Officer of Cerberus; and Lee Millstein has been promoted to President of the Firm’s international business. … Read more

April 02, 2018 · Press Release

Motherson inks deal to acquire Reydel Automotive Group for USD 201 Million from Cerberus

NOIDA, INDIA, April 2, 2018 – Motherson Sumi Systems Limited (MSSL), flagship company of the Samvardhana Motherson Group (SMG), through its step down subsidiary Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV), today announced the proposed acquisition of Reydel Automotive Group (Reydel), a privately held portfolio company of Cerberus Capital Management, L.P. (Cerberus) that manufactures interior components and modules for global automotive customers. The purchase price for the transaction is USD 201 million.

March 23, 2018 · Press Release

Cerberus Capital Management Appoints Roberto Nicastro as Senior Advisor in Europe

NEW YORK and LONDON – March 23, 2018 – Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing, announced today that Roberto Nicastro has become a Senior Advisor to the firm. In this role, Mr. Nicastro will consult with Cerberus as it continues its focus on investment opportunities and strategic … Read more

March 19, 2018 · Press Release

Cerberus Capital Management Affiliate Completes Acquisition of Cyanco

NEW YORK, March 19, 2018 – Cerberus Capital Management, L.P. today announced the completion of the previously announced acquisition of Cyanco Holding Corp. by a Cerberus affiliate from funds managed by Oaktree Capital Management, L.P. The transaction closed on March 16, 2018. Cyanco is the largest global producer of sodium cyanide, a critical input in … Read more

February 27, 2018 · Press Release

Cerberus Capital Management to Acquire Bluestone Group’s Australasian Operations

NEW YORK and LONDON, February 27, 2018 – Cerberus Capital Management, L.P., a global leader in alternative investing, today announced that one of its affiliates has entered into an agreement with Bluestone Group, the international financial services business based in the U.K., to acquire its Australasian mortgage lending and portfolio servicing operations (“Bluestone Holdings Australia”). … Read more

February 20, 2018 · Press Release

Albertsons Companies and Rite Aid Merge to Create Food, Health, and Wellness Leader

BOISE, Idaho & CAMP HILL, Pa., February 20, 2018 –Albertsons Companies, one of the nation’s largest grocery retailers, and Rite Aid Corporation (NYSE:RAD), one of the nation’s leading drugstore chains, announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid.

 

February 07, 2018 · Press Release

Cerberus Capital Management Affiliate to Acquire Cyanco

NEW YORK, February 7, 2018 – Cerberus Capital Management, L.P. today announced that an affiliate has entered into an agreement to acquire Cyanco Holding Corp. from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Cyanco is the largest global producer of sodium cyanide, a critical input in the gold and silver mining industry. Terms of … Read more

December 28, 2017 · Press Release

Revetas Capital and Cerberus Capital Management Announce Acquisition of Bucharest Hotel Portfolio

LONDON and NEW YORK, December 28, 2017 – Revetas Capital Advisors LLP (“Revetas”) and Cerberus Capital Management, L.P. and its affiliates (“Cerberus”) today announced the acquisition of Project Nemo, a leading hotel complex with approximately 86,000 sqm of gross leasable area in a prime location in Bucharest, Romania. The complex includes the Radisson Blu and … Read more

December 26, 2017 · Press Release

Cerberus Business Finance Announces Strategic Minority Investment by Dyal Capital Partners

NEW YORK, December 26, 2017 – Cerberus Business Finance, LLC (“CBF”), the middle-market lending platform of Cerberus Capital Management, L.P., announced today that affiliates of Dyal Capital Partners, L.P. (“Dyal”), a division of Neuberger Berman, made a strategic minority investment in CBF. Mark Neporent, Chief Operating Officer of Cerberus Capital Management, L.P., commented, “Dyal recognized … Read more

December 21, 2017 · Press Release

Cerberus Business Finance Opens San Francisco Office Dedicated to Financing Bay Area and Pacific Northwest Businesses

NEW YORK, December 21, 2017 – Cerberus Business Finance, LLC (“CBF”), the middle-market direct lending platform of Cerberus Capital Management, L.P., announced today that it has launched a new office in San Francisco, hiring Scott Johnston and Kurt Peterson to lead its dedicated efforts to deliver financial solutions to the region’s leading businesses and financial … Read more

December 15, 2017 · Press Release

Cerberus Capital Management Announces Majority Investment in Grupo Inmoglaciar

Partnership with Cerberus will accelerate Inmoglaciar’s growth strategy in Spanish residential real estate development Ignacio Moreno will continue to lead Inmoglaciar’s management team MADRID, December 15, 2017 — Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing, announced today that it has acquired a majority interest in Grupo Inmoglaciar (“Inmoglaciar”), … Read more

November 29, 2017 · Press Release

BBVA reduces its real estate exposure almost entirely through a JV with Cerberus

BILBAO, SPAIN, Nov. 29, 2017 – BBVA today announced an agreement with a subsidiary of Cerberus Capital Management, L.P. (Cerberus) to create a joint venture (JV) for its real estate business in Spain, reducing almost entirely its exposure to non core real estate assets. On the closing of the operation, BBVA will sell an 80% … Read more

November 27, 2017 · Press Release

UniCredit announces the sale of an Italian Small Medium Enterprise (“SME”) secured and unsecured non performing credit portfolio

MILAN, November 27, 2017 – UniCredit today announced an agreement with MBCredit Solutions (“MBCS”) and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio of Italian Small and Medium Enterprise (“SME”) non performing secured and unsecured loans. The portfolio consists entirely of Italian … Read more

November 02, 2017 · Press Release

Cerberus Capital Management Acquires Club Exploria Resorts Assets

Industry Veteran Thomas Morris to Lead the Resort and Hospitality Company NEW YORK, November 2, 2017 — Cerberus Capital Management, L.P. and its affiliates (“Cerberus”) today announced the acquisition of certain assets of Club Exploria, LLC and Club Exploria Resorts (“Exploria”), a diversified hospitality, development, and management company with a collection of resorts and hotels … Read more

October 16, 2017 · Press Release

Staples Solutions Appoints Dolph Westerbos as Chief Executive Officer

AMSTERDAM, Oct. 16, 2017 — Staples Solutions B.V. (“Staples Solutions”) today announced the appointment of Dolph Westerbos as Chief Executive Officer effective 1 November 2017. Mr. Westerbos joins Staples Solutions to build upon the progress made since its separation from Staples, Inc. following the sale of majority ownership to an affiliate of Cerberus Capital Management, … Read more

January 29, 2016 · Press Release

Cerberus-backed Keane to buy most of Trican’s U.S. assets

Cerberus Capital Management LP-backed Keane Group Holdings LLC said Tuesday, Jan. 26, that it agreed to buy most of the U.S. assets of Canada’s Trican Well Service Ltd. for $247 million. The price includes $200 million in cash plus a minority interest in Keane. The Houston buyer anticipated it would close the deal by mid-March … Read more

October 26, 2015 · Press Release

Cerberus beats Apollo to win Project Arrow for around €800m

Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans. NAMA confirmed Cerberus’ selection as the preferred bidder today after a detailed due diligence period following the receipt of the two final binding bids … Read more