November 10, 2021 · News

ABC Technologies Holdings Inc. Announces the Closing of Cerberus’ Minority Stake Sale to Oaktree

TORONTO–(BUSINESS WIRE)–ABC Technologies Holdings Inc. (TSX:ABCT) (“ABC Technologies”, “ABC” or the “Company”) announced today the closing of the previously announced transaction involving the sale of a minority stake in the Company by ABC Group Canada LP (“ABC LP”), an affiliate of funds managed by Cerberus Capital Management, L.P. (“Cerberus”), to funds managed by Oaktree Capital … Read more

October 13, 2021 · News

Cerberus Completes Acquisition of Brooklyn Bedding and Helix Sleep

NEW YORK, NY and PHOENIX, AZ – October 13, 2021 – Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”) today announced that one of its affiliates has completed a previously announced series of related transactions through which it has acquired each of Brooklyn Bedding LLC (“Brooklyn Bedding”) and Helix Sleep, Inc. (“Helix”) and combined them to form a leading direct-to-consumer (“DTC”) mattress platform.

October 12, 2021 · News

NetCentrics Partners with Cerberus to Drive Long-Term Growth Plans

HERNDON, VA – October 12, 2021 – NetCentrics Corporation (“NetCentrics” or the “Company”), an established leader in cybersecurity, enterprise information technology, and telecommunications, announced today that an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) has acquired the Company. In connection with the transaction, Cerberus provided a capital investment that further strengthens NetCentrics’ financial flexibility and supports its long-term growth plans.

September 13, 2021 · News

Cerberus to Acquire Brooklyn Bedding and Helix Sleep to Form a Leading DTC Mattress Platform

NEW YORK, NY and PHOENIX, AZ – September 13, 2021 – Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), Brooklyn Bedding LLC (“Brooklyn Bedding”), and Helix Sleep, Inc. (“Helix”) today announced the signing of definitive agreements pursuant to which an affiliate of Cerberus will acquire each of Brooklyn Bedding and Helix in a series of related transactions. Upon completion of the transactions, the businesses will operate under a holding company structure in partnership with their respective founders, as well as other existing shareholders, who will retain a significant minority ownership interest in the combined business on a going forward basis. The combined company will be a leading direct-to-consumer (“DTC”) mattress platform that will provide customers with a broad portfolio of high-quality offerings and superior end-to-end experiences.

September 13, 2021 · News

Oaktree to Acquire Minority Stake of ABC Technologies Holdings Inc. from Cerberus

LOS ANGELES / NEW YORK, September 13, 2021 – Funds affiliated with Oaktree Capital Management, L.P. (“Oaktree”) and ABC Group Canada LP (“ABC LP”), an affiliate of funds managed by Cerberus Capital Management, L.P. (“Cerberus”), announced today that Oaktree Funds (as defined below) have entered into a share purchase agreement (the “Agreement”) with ABC LP to purchase its remaining equity interest in ABC Technologies Holdings Inc. (“ABC Technologies” or the “Company”) (TSX:ABCT) (the “Acquisition”).

August 27, 2021 · News

NASP and Cerberus Launch Milestone Partnership to Support Minority Professionals in Finance

WASHINGTON, D.C. – August 27, 2021 – The National Association of Securities Professionals (“NASP”) today announced that it has launched a three-year partnership with Cerberus Capital Management (“Cerberus”). Cerberus will become the lead sponsor of The NASP Institute and a contributing sponsor of NASP Annual Financial Services Conference, Mentors Luncheon, and Women’s Forum. Cerberus will make a $300,000 contribution to NASP, which represents the organization’s largest donation to date.

August 02, 2021 · News

Cerberus and Koch Complete Acquisition of PQ Performance Chemicals

NEW YORK & WICHITA, Kan. & MALVERN, Pa.–(BUSINESS WIRE)–Cerberus Capital Management, (together with its affiliates, “Cerberus”) and Koch Minerals & Trading, LLC (“Koch”) today announced that their partnership has completed the previously announced acquisition of the Performance Chemicals business from Ecovyst Inc., formerly PQ Group Holdings Inc. The standalone business will continue to operate under the PQ brand and retain its headquarters in Malvern, Pennsylvania.