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.

April 7, 2017 Cerberus Capital Management Sam Nickerson

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.

April 4, 2017 Andrew Woolford | Cerberus Business Finance | Cerberus Capital Management ABF Journal

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.

September 19, 2016 Cerberus Capital Management | ITT Educational Services ABF Journal

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.

June 20, 2016 Cerberus Capital Management | DynCorp ABF Journal

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.

November 9, 2015 Cerberus Capital Management | CVC Capital Partners | GE Capital | General Electric | JC Flowers Rita Garwood

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.

September 18, 2015 Anschutz Investments | Cerberus Capital Management | KKR | Samson Resources | Silver Point Capital Rita Garwood

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.

July 2, 2014 Cerberus Capital Management | Fortress Invest Group | JPMorgan | LightSquared Marielle Mondon

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.

March 7, 2014 AB Acquisition | Cerberus Capital Management | Safeway and Albertsons ABF Journal

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.

January 29, 2014 Cerberus Capital Management | Global Aviation Holdings ABF Journal

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.

June 21, 2013 ACG New York Announces | Bertram Capital Management | Cerberus Capital Management | transactions ABF Journal