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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.

July 21, 2020 · News

Sparton Corporation Completes Sale of its Manufacturing & Design Services Business

DE LEON SPRINGS, FL. – JULY 21, 2020 – Sparton Corporation (“Sparton” or “the Company”), a leading provider of engineered products for the defense industry, today announced that it has completed the previously announced sale of its contract manufacturing unit, Manufacturing & Design Services (“MDS”), to One Equity Partners. In conjunction with the closing of the transaction, the MDS business has been rebranded as Spartronics.

July 06, 2020 · News

LPC West and Cerberus Acquire Nearly 30-Acre Site in Oceanside; Plans Call for Development of State-of-the-Art Industrial Campus

SAN DIEGO, CA. – July, 06, 2020 – LPC West, the West Coast arm of national real estate firm Lincoln Property Company, together with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, have acquired nearly 30 acres in Oceanside, California with plans to develop a modern industrial campus. The … Read more

May 20, 2020 · News

Albertsons Companies Announces $1.75 Billion Preferred Equity Investment Led By Apollo Global Management

BOISE, Idaho – May 20, 2020 – Albertsons Companies, Inc. (the “Company”) today announced that funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (“Apollo”) have led the purchase of $1.75 billion of convertible preferred stock of Albertsons Companies (the “Preferred Stock”). Following a repurchase of a portion of the common stock … Read more

April 03, 2020 · News

ABC Technologies Announces New Medical Devices Unit in Response to COVID-19 Pandemic

Toronto, Canada – April 3, 2020 – ABC Technologies (“ABC”), one of the world’s leading automotive systems and components manufacturers and a portfolio company of Cerberus Capital Management (“Cerberus”), today announced the formation of a Medical Devices Business Unit to help address the critical medical supply challenges posed by the global coronavirus (COVID-19) pandemic. The … Read more