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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

February 18, 2020 · News

Cerberus Acquires 12 Office Buildings in São Paulo and Rio de Janeiro

SÃO PAULO – February 17, 2020 – Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing, today announced the acquisition of 12 office buildings in Brazil from BR Properties, the largest publicly traded office building owner in Brazil. The portfolio includes seven properties in São Paulo and five properties in Rio de Janeiro. The transaction, which was completed in December of last year, is valued at over $R600 million.

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