January 26, 2021 · News

Cerberus Statement on Forbes Opinion Piece

Cerberus Capital Management, L.P. (“Cerberus”) provided the following statement in response to an opinion piece published by Forbes.com on January 25, 2021.

December 23, 2020 · News

Cerberus Announces Sale of Sparton to Elbit Systems of America

NEW YORK – December 23, 2020 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has signed a definitive agreement to sell Sparton Corporation (“Sparton”) to Elbit Systems of America, LLC (“Elbit Systems of America”).

December 08, 2020 · News

Provender Partners and Cerberus Announce Joint Venture

NEWPORT BEACH and NEW YORK – December 8, 2020 – Provender Partners, the premier refrigerated real estate investor in the U.S., today announced a joint venture with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. The partnership will focus on building a multibillion dollar portfolio of cold storage processing facilities in the United States, while bringing vital supply chain solutions to market.

November 15, 2020 · News

Dorel Agrees to Going-Private Transaction at C$14.50 per Share

MONTREAL – November 13, 2020 – Dorel Industries Inc. (TSX: DII.B, DII.A) (“Dorel”) today announced that based on the recommendation of an independent committee of Dorel’s Board of Directors (the “Special Committee”), Dorel has entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which a buyer group (the “Buyer Group”) led by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) will acquire, for C$14.50 per share in cash, all of Dorel’s issued and outstanding Class A Multiple Voting Shares and Class B Subordinate Voting Shares, except for an aggregate of 4,009,410 Class A Multiple Voting Shares and 2,573,503 Class B Subordinate Voting Shares (the “Rollover Shares”) owned by Martin Schwartz, Alan Schwartz, Jeffrey Schwartz, Jeff Segel and members of their immediate families (collectively, the “Family Shareholders”), by way of a statutory plan of arrangement under the Business Corporations Act (Québec) (the “Arrangement”).

October 28, 2020 · News

Cerberus Acquires National Dentex Labs

NEW YORK and PALM BEACH GARDENS – October 27, 2020 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired National Dentex Labs (“NDX” or the “Company”), the largest network of fully-owned dental labs in the United States providing superior restorative dentistry solutions.

September 01, 2020 · News

Kellermeyer Bergensons Services Acquires Clearview Cleaning Service

Oceanside, CA – September 1, 2020 – Kellermeyer Bergensons Services, LLC (“KBS”), a trusted partner to leading operations and facility managers across North America, today announced the acquisition of Clearview Cleaning Service, Inc (“Clearview Cleaning”). Headquartered in Boise, Idaho, Clearview Cleaning is a leading provider of commercial cleaning services in Idaho, Washington, and Oregon with … Read more

August 24, 2020 · News

Global Investment Firm Cerberus Acquires Stake in Certain MCS Group Companies

ULAANBAATAR, MONGOLIA and NEW YORK – 24 August 2020 – MCS Group (“MCS” or the “Company”), which consists of over 20 companies operating in various sectors such as energy, engineering, mining, real estate, telecommunications, and consumer goods, today announced that it has completed a transaction with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. An affiliate of Cerberus has acquired approximately 20% indirect ownership or notes convertible into equity of seven MCS companies operating in the telecommunications and consumer goods sectors.

August 21, 2020 · News

Cerberus Announces Acquisition of Westpac’s Strategic Alliances (Vendor Finance) Business

NEW YORK and MELBOURNE – August 21, 2020 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has entered into an agreement to acquire the Strategic Alliances (Vendor Finance) business of Westpac Group (“Westpac”). Upon completion of the transaction, the business will be combined with Angle Finance, a recognized provider of equipment finance solutions in Australia and a Cerberus portfolio company.