April 18, 2019 · News

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 · News

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 · 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, 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 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