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November 02, 2017 · News

Cerberus Capital Management Acquires Club Exploria Resorts Assets

Industry Veteran Thomas Morris to Lead the Resort and Hospitality Company NEW YORK, November 2, 2017 — Cerberus Capital Management, L.P. and its affiliates (“Cerberus”) today announced the acquisition of certain assets of Club Exploria, LLC and Club Exploria Resorts (“Exploria”), a diversified hospitality, development, and management company with a collection of resorts and hotels … Read more

October 16, 2017 · News

Staples Solutions Appoints Dolph Westerbos as Chief Executive Officer

AMSTERDAM, Oct. 16, 2017 — Staples Solutions B.V. (“Staples Solutions”) today announced the appointment of Dolph Westerbos as Chief Executive Officer effective 1 November 2017. Mr. Westerbos joins Staples Solutions to build upon the progress made since its separation from Staples, Inc. following the sale of majority ownership to an affiliate of Cerberus Capital Management, … Read more

January 29, 2016 · News

Cerberus-backed Keane to buy most of Trican’s U.S. assets

Cerberus Capital Management LP-backed Keane Group Holdings LLC said Tuesday, Jan. 26, that it agreed to buy most of the U.S. assets of Canada’s Trican Well Service Ltd. for $247 million. The price includes $200 million in cash plus a minority interest in Keane. The Houston buyer anticipated it would close the deal by mid-March … Read more

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

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