Cerberus, Quantlab Provide $68MM Financing to ETC Global

ETC Global Group entered into a new financing facility with Cerberus Capital Management and Quantlab Investments to provide up to $68 million in committed capital.

Cerberus Capital Raises $4B for Cerberus Institutional Partners VI

Cerberus Capital Management held its final close for Cerberus Institutional Partners VI, raising $4 billion of commitments for its sixth flagship multi-strategy fund.

Cerberus Business Finance Hires Woolford to Manage Capital Markets

Cerberus Business Finance added Jefferies veteran Andrew Woolford to the firm as a managing director who will oversee capital markets activities.

ITT Educational Services Files Chapter 7, Owes Cerberus $34.5MM

Bloomberg reported ITT Educational Services began liquidation proceedings after closing 136 technical schools and owes a unit of Cerberus Capital Management $34.5 million.

Cerberus Capital Provides $30MM Financing to DynCorp

DynCorp International closed a $30 million third lien term loan credit agreement with a company managed by Cerberus Capital Management.

Reuters: Three Buyout Funds Said to be Vying for GE’s French Banking Arm

Reuters reported that three buyout funds are vying to buy General Electric’s banking unit in France which has approximately $6.6 billion worth of assets.

KKR’s Samson Resources Files Reorganization Plan

Samson Resources announced that after gaining support for its proposed restructuring plan, it has taken the next step on by filing for Chapter 11 bankruptcy protection.

Bloomberg: LightSquared Has Tentative Bankruptcy Plan

Bloomberg reported that Lightsquared has come to a tentative agreement on its plan of reorganization, granting majority ownership to JPMorgan, Fortress Investment Group and Cerberus Capital Management.

Cerberus Capital to Acquire Safeway in $9.4B Deal

Cerberus Capital Management announced it would acquire Safeway, the second largest U.S. grocery store operator, in deal valued at $9.4 billion. Cerberus said it intends to fund the deal with debt financing of about $7.6 billion.

Cerberus Unit to Buy Global Aviation, Pending March Auction

The WSJ reported Global Aviation Holdings received court approval to sell itself to its lender, a unit of Cerberus Capital Management. The article noted the sale is subject to higher bids at an auction in March.