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.

ACG New York Announces Champion’s Awards Winners

ACG New York and The M&A Advisor announced the names of 31 winners of the third annual ACG New York Champion’s Awards, recognizing companies, individual dealmakers and transactions in the middle-market mergers and acquisitions industry in the greater New York area.

Bloomberg: Cerberus Raises $1.3B for Mid-Market Loan Fund

Bloomberg reported that Cerberus Capital Management has raised $1.32 billion for a middle-market loan fund that will seek to take advantage of a pullback in lending.

FinalCut: Wells Fargo Provides ABL to Support SUPERVALU Cerberus Deal

ABF Journal illustrator Jerry Gonzalez shares his depiction of SUPERVALU’s deal to sell some of its grocery store chains to Cerberus Capital and its related $900 million facility led by Wells Fargo.

Bloomberg: Supervalu Sets Rate on $2.4B of Loans

Bloomberg reported that Supervalu set the rate it will pay on $2.4 billion of loans to support the sale of five supermarket chains to an investor group led by Cerberus Capital Management.

February 2008