Cerberus Closes $5.1B of Commitments for Global NPL Strategy

Cerberus Capital Management has closed approximately $5.1 billion of commitments for its global non-performing loan (NPL) strategy.

Remington RSA Plan Approved, Expects to Exit Chapter 11

The U.S. Bankruptcy Court approved Remington Outdoor’s restructuring plan, with the company anticipating an emergence from Chapter 11 by the end of May with a new $193 million ABL facility.

JPMorgan COO Zames Tapped as Cerberus President

Cerberus Capital Management appointed Matt Zames president of Cerberus and promoted Frank Bruno and Lee Millstein to co-CEO of Cerberus and president of the firm’s international business, respectively.

Remington Files for Chapter 11, Cerberus to End Ownership

According to The Wall Street Journal, firearms manufacturer Remington Outdoor has filed for Chapter 11, an anticipated move after it announced its plans to do so in February.

Cerberus Appoints Nicastro Senior Advisor in Europe

Cerberus Capital Management appointed Roberto Nicastro a senior advisor to the firm focusing on investment opportunities and partnerships in the European financial services sector.

Cerberus Affiliate Acquires Cyanco Holding

An affiliate of Cerberus Capital Management completed its previously announced acquisition of Cyanco Holding from funds managed by Oaktree Capital Management.

Remington Creditors Looking to Sell After Bankruptcy

Bloomberg reported that the Remington’s creditors are looking for a quick sale after the beleaguered gun company emerges from Chapter 11.

Cerberus Affiliate to Acquire Cyanco From Oaktree

An affiliate of Cerberus Capital Management will acquire Cyanco Holding from funds managed by Oaktree Capital Management.

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.