March 04, 2019 · News

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 · News

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 · News

Cerberus to Acquire Majority Interest in Navistar Defense

NEW YORK, 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 original … Read more

November 14, 2018 · News

Chris Ferraro Joins Cerberus as Senior Managing Director

NEW YORK, NY – November 14, 2018 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that Chris Ferraro will join Cerberus as a Senior Managing Director in the Financial Institutions Group (“FIG”) within Cerberus Operations and Advisory Company, LLC, effective November 19, 2018. Mr. Ferraro joins Cerberus from JPMorgan … Read more

November 06, 2018 · News

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 · News

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 · News

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 · News

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.