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October 26, 2015 · News

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

October 06, 2015 · News

Cerberus Leads Buyers as Europe Trims Bad Property-Debt Pile

Cerberus Capital Management LP was the biggest buyer of distressed real estate debt in Europe through the first nine months of the year, closing eight deals with an original face value of 7.69 billion euros ($8.6 billion), according to Cushman & Wakefield Inc. Sales of soured real estate debt and foreclosed assets totaled 44.6 billion … Read more

July 29, 2015 · News

Cerberus leads U.S. investors gobbling up Europe’s bank loans

Cerberus, the private equity firm named after the mythical three-headed dog guarding the gates of Hades, is leading a charge by U.S. investors who are snapping up European loans at knockdown prices. New York-based Cerberus Capital Management [CBS.UL] has bought more than 27 billion euros ($30 billion) of European loans in the last 2-1/2 years, … Read more

January 31, 2015 · News

Group completes $8B acquisition of Safeway

An investment group led by Cerberus Capital Management has completed its approximately $8 billion acquisition of supermarket chain Safeway. The investment group led by Cerberus agreed to buy Safeway in March 2014. Safeway shareholders will receive $34.92 per share in cash. Safeway Inc. has more than 1,300 U.S. locations under names including Safeway, Vons, Pavilion’s, … Read more

January 27, 2015 · News

European Banks Sold $91 Billion of Property Assets in ’14

European banks and asset managers in 2014 sold real estate loans and defaulted properties with a face value of a record 80.6 billion euros ($91 billion), Cushman & Wakefield Inc. said. The increase in deals, 26 billion euros more than the previous two years combined, came as U.S. funds including Cerberus and Lone Star Funds … Read more

January 06, 2015 · News

Visteon Signs Agreement to Divest Majority of Automotive Interiors Business to an Affiliate of Cerberus Capital Management

Represents second transaction in three-phase exit strategy; 90 percent of interiors business now under contract, offer or sold First transaction – sale of Duckyang shares – now completed In line with prior guidance to exit all of interiors with aggregate neutral value impact to Visteon Transaction supports Visteon’s focus on core growth businesses: thermal management … Read more

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