On January 26, 2016, Keane, a well completion services company owned by Cerberus, agreed to acquire the majority of Canada-based Trican Well Services Ltd.'s U.S. assets for $247 million. We invest in the debt and equity of commercial and residential properties and portfolios, as well as directly into real estate … Phone: +1-212-891-2100. [12], In the summer of 2007, Cerberus agreed to buy United Rentals, the world's largest equipment rental company that was traded on the NYSE. [12], Cerberus utilizes an operations team of over 100 professionals to help source, analyze and monitor portfolio investments. Recent news which mentions Cerberus Capital Management < Previous 1 2 Next > Cerberus Is Reportedly Preparing To Take Albertsons Public. Our operating capabilities give us a competitive edge to improve performance, enhance value, and create market leaders. Cerberus Capital Management, L.P. is one of the world’s leading private investment firms with over $30 billion under management. R Remington Arms‎ (2 C, 7 P, 1 F) Pages in category "Cerberus Capital Management … ADDRESS. The company is a U.S. Securities and Exchange Commission Registered Investment Adviser. "Acquisition of LNR Property Corporation Completed" Business Wire. Assets across credit, private equity, and real estate. September 16, 2013, Cerberus closed Accurate Metal Solutions (AMS). Our Commercial Mortgage-Backed Securities (CMBS) investment team comprises professionals with extensive backgrounds in commercial real estate, trading, and structuring. It returned just 1.06 times its investors' capital as of the end of September 2019, according to a regulatory filing from NB Crossroads Private Markets Fund IV Holdings … • Pharmaceuticals—In December 2004, the company announced the acquisition of Bayer's plasma products business and renamed it Talecris Biotherapeutics. On October 27, 2011 Cerberus and Chatham Lodging Trust closed their purchase of Innkeepers USA Trust for $1.02 billion. Learn how Cerberus creates an edge for our investors and business partners worldwide. By keeping 3rd Party Cookies enabled we are able to improve the Site and the User experience. J.P. Morgan Worldwide Securities Services, "Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC", "What's Bigger Than Cisco, Coke, Or McDonald's? On November 13, 2015, Cerberus agreed a deal to buy £13 billion ($16.5 billion) of subprime mortgages from, On December 17, 2015, Cerberus announced a $605 million strategic partnership with. ", "New York hedge fund takes investment stake in Sparrows Point owner", "Cerberus now controls 80 percent of Chrysler", "Cerberus's success hurt by a pair of gambles", http://online.barrons.com/article/SB50001424052970204914704575489910130579520.html, "GeoEye in financing deal with Cerberus; shares rise", "Cerberus to Acquire DynCorp for About $1 Billion", "Pit Bulls: Cerberus Makes a Killing Again", "Drago and Cerberus acquire 97 bank branches from Caja Madrid", "Cerberus bags EUR 1b portfolio from Metro shareholders", http://www.businessweek.com/ap/financialnews/D9N8QTSO0.htm, http://professional.wsj.com/article/SB10001424052748703421204576326331086578832.html?mg=reno-secaucus-wsj, "Cerberus Appoints J.P. Morgan as Administrator for its Investment Fund", "Court Fight Behind Them, Cerberus Clinches Its Innkeepers Deal", "Covis Pharma to Acquire U.S. Rights from GlaxoSmithKline for Fortaz®, Zinacef®, Lanoxin®, Parnate®, and Zantac® Injection", http://www.rg-steel.com/news/pressreleases/RG%20Steel%20Strengthens%20Liquidity%20with%20New%20Capital%20from%20Cerberus%20Capital%20Management%20and%20The%20Renco%20Group%201-18-12.pdf, "YP LAUNCHES TODAY AS NORTH AMERICA’S LEADING LOCAL SEARCH, MEDIA AND ADVERTISING COMPANY", advertise-publish "AT&T Completes Sale of Advertising Solutions and Interactive Business Units to Cerberus", "AT&T to Sell Most of Yellow Pages to Cerberus", financial "AT&T To Sell Advertising Solutions and Interactive Business Units to Cerberus", "Cerberus Completes Sale of Guilford Mills", "In Unusual Move, Cerberus to Sell Gun Company", "Wall Street Firm Hasn't Sold Off AR-15 Maker Despite Newtown Promise", "Supervalu to sell 5 grocery chains, including Albertson's, Jewel-Osco, to Cerebus-led group", "Company plans to lay off 100 in Oxnard when it closes", "Government agrees record-breaking £13 billion sale of former Northern Rock mortgages", "Trican Well Service Ltd's sale of U.S. unit prompts stock upgrade by analysts", "American Securities Completes Acquisition of 57% of Blue Bird Corporation", "GE Agrees to Sell $4.6 Billion French Banking Unit to Cerberus", "Staples to sell controlling stake in European unit to Cerberus", "Stratolaunch grew from 13 to 87 employees over the past 2 months", "Last-minute deal saves Pennsylvania hospital from closing", "$40 million to keep Easton Hospital open? : … It purchased Talecris for $83m, and sold the bulk of its shares in October 2009, for a net gain of $1.8bn. Category for portfolio companies of the private equity investment firm: Cerberus Capital Management Subcategories. Cerberus Capital Battles With Japan's Seibu Seibu Holdings is at odds with Cerberus Capital Management, which agreed to take a $1 billion stake in the company in 2005. After the credit markets began to tighten in August, Cerberus decided not to make the acquisition, agreeing to pay United Rentals a $100 million "reverse termination fee" that the parties had negotiated and included in their agreement. Cerberus is a leading global investor in real estate and real estate-related assets. Cerberus cited the clear language contained in the deal agreement that capped its liability for not completing the transaction at $100 million. Cerberus Capital Management is a leading private equity firm which has a history of keeping its investments and its business hidden from the public eye. business address c/o cerberus capital management, l.p. 299 park avenue, 22nd floor new york ny 10171 212-891-2100 STYX PARTNERS, L.P. (Filer) CIK : 0001006688 (see all company filings) IRS No. Strictly Necessary Cookies should be enabled so that your preferences may be saved. Synergies across our multi-disciplinary investment platforms help us drive value. ", This page was last edited on 18 December 2020, at 12:00. On November 19, 2010, Cerberus and Drago Capital acquired a real estate portfolio of 97 bank branches from Spain's fourth largest financial group, On March 17, 2011, Cerberus acquired the senior bank debt and completed a debt restructuring of Maxim Office Park, a one million square foot office and logistics complex located between, On March 31, 2011, Cerberus acquired a real estate portfolio consisting of 45 Metro Cash & Carry properties in Germany from the three major shareholders of, On May 16, 2011, Cerberus completed the acquisition of. The firm, Cerberus Capital Management, takes its name from the three-headed, dragon-tailed dog who, in Greek mythology, stands guard at the gates of Hades. Managing Director, Cerberus Capital Services Private Limited Greg D. Gordon. [3] The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who serves as a senior managing director. This Site uses cookies to provide Users with the best User experience. Over 400 employees were laid off. Cerberus Capital Management, L.P. is an American private equity firm,[2] specializing in distressed investing. Our Residential Opportunities platform has extensive and complementary mortgage expertise and is a leading investor in single-family rental properties. Tags Food Lund Food Holdings … Provender Partners of Newport Beach, Calif., and an affiliate of Cerberus Capital Management L.P. have formed a joint venture with the mission of assembling “a multibillion-dollar … Since 1993, Cerberus has thoughtfully constructed a global Real Estate platform to invest across sectors and investment cycles. One of Cerberus' core strategies since our inception, our Corporate Credit platform has invested more than $32 billion over the past 27 years. Our Firm - Cerberus Capital Management A Global Leader in Alternative Investing Founded in 1992, Cerberus is a trusted partner to many of the world’s most respected investors in credit, private equity, … By continuing to use this Site you consent to the placement of cookies on your device. Cerberus Capital Management, L.P. 875 Third Avenue. This Site uses Google Analytics (3rd Party Cookies) to collect anonymous User information such as the number of visitors to the Site and the most popular pages on the Site. New York, NY 10022. The firm's previous flagship fund, Cerberus Institutional Partners VI, raised $4 billion in 2017, and has struggled to generate a profit. Headquartered in Marietta, … The company, which manages its single-family properties through FirstKey Homes and owned 11,000 homes at the … In June 2010, Cerberus agreed to sell Talecris to Spain's Grifols S.A. In March 2020, Cerberus faced backlash after threatening to close the unprofitable Easton Hospital in. United Rentals sued in the Delaware Court of Chancery for specific performance (i.e., a court mandate that Cerberus complete the deal). [Exclusive: Buyer of Paul Allen's Stratolaunch space venture is secretive Trump ally]. Phone Number 212.891.1558. This category has only the following subcategory. If you are a reporter on a … Our cohesive team has over 80 managing directors and senior leaders who have been together for more than a decade. Cerberus Capital Management, L.P. operates as a private equity firm. "Car Rental Companies are sold.". "Albertsons To Be Sold, Divided Into 3. February 3, 2005. Cerberus sold 3,863,850 shares, or about 49% of the … Cerberus Capital Management is hungry for single-family rental homes. [6] Feinberg has stated that while the Cerberus name seemed like a good idea at the time, he later regretted naming the company after the mythological dog. To find out more and to opt out of cookies please see settings. Activities performed by members of COAC in the area of control private equity investments, include due diligence, acquisition planning, board membership, special project staffing and, where appropriate, occupying interim or full-time open positions. Joins Bushmaster and Remington", "DPMS Acquired By Cerberus Capital Management Affiliate", "Remington to Acquire Marlin Firearms; Deal positions Marlin and its various brands for growth", "From Out of the Blue, a $1 Billion Bid for America's Biggest Gun Company", "Cerberus's Remington Gunmaker Seeks Bankruptcy Protection", "CalSTRS cashes out of firearms investment", "Gun Giant Remington Declares Bankruptcy", "CBS sells Austin's KEYE to private equity firm", "CBS CORP, Form 8-K, Current Report, Filing Date Apr 29, 2008", "Chancellor Chandler Hands Cerberus a Big Win", "Judge Rules Against United Rentals in Deal Lawsuit". On October 18, 2017, BlueLinx Holdings Inc., Cerberus Capital Management, and BTIG as underwriter, entered into an underwriting agreement. Cerberus Business Finance is a premier middle-market direct lending platform offering one-stop financing solutions to private equity sponsors and leading businesses since 1995. For more than 20 years, Cerberus has seamlessly integrated our investment and operating teams to lead successful business transformations and drive long-term value. [5] Investors include government and private sector pension and retirement funds, charitable foundations, university endowments, insurance companies, family savings and sovereign wealth funds. A free inside look at company reviews and salaries posted anonymously by employees. The WSJ spoke to … [9] Cerberus's largest locations include New York City, Chicago, and Boise, Idaho. Chief Communications Officer, Cerberus Capital Management and Senior Operating Executive, Cerberus Operations and Advisory Company Indranil Ghosh. Partner Empire Investment Holdings, LLC Keane Investor Holdings LLC . [11], Cerberus maintains the Cerberus Operations & Advisory Company LLC (COAC), which consists of senior operating executives supporting the firm's due diligence and assisting its portfolio companies. A Remington assembly room … Soros doesn’t own Cerberus Capital Management, a private equity firm founded in 1992 by Stephen Feinberg and William Richter. The firm has affiliate and advisory offices in the United States, Europe and Asia. On December 22, 2011, Covis Pharma, a specialty pharmaceutical company owned by affiliates of Cerberus, announced that it had agreed to acquire full commercial rights for. On January 18, 2012, RG Steel, LLC announced that affiliates of Cerberus committed new capital to the company. 5111 Hampton Meadows Rd Monroe, NC 28110 United States. The battle began … On October 4, 2011, Cerberus and Garanti Securities announced the formation of a joint initiative to pursue investments in Turkey with an initial commitment of $400 million. 'Extortion during a crisis' and other reactions", Cerberus Capital: Literally Blood-Sucking the Poor to Make Their Billions, "MICROS Announces Agreement To Acquire Torex Retail Holdings, Ltd.", https://www.reuters.com/article/2014/02/21/safeway-cerberus-idUSL2N0LP2UJ20140221, "Dutch AerCap's US IPO raises $600.3 million", "Statement by Cerberus Capital Management", "Obama Administration Auto Restructuring Initiative", "TD completes Chrysler Financial acquisition", "Treasury Pressures Chrysler, Fiat in Meetings", "Chrysler Financial Pays Back Its TARP Loan", "Toronto-Dominion Bank Close to Deal for Chrysler Financial", "Cerberus, Recouping Costs, Will Sell Chrysler Financial", "Cerberus Is Said to Recoup 90% of Chrysler Investment After Loan Unit Sale", "Cerberus indirectly linked to Madoff scandal", "Inquiry Started of Financier Who Invested With Madoff", "GMAC Leasing Debacle: Bankruptcy Fears Loom Large", "Judge Restrains Merkin Funds In Madoff Suit", "GMAC Gap Looks to Be Filled by Big Stake From Government", "As GMAC Gets More Aid, Bailout Becomes One of Nation's Biggest", "Cerberus, Gabriel to sell stake in Bank Leumi: source", "Aozora Bank Gains on Profit Outlook; Resona Net Rises", "DPMS Acquired By Cerberus. Bushmaster Continues to Grow with New Owner, Acquisition of debis AirFinance Completed, Cerberus Takes Over Majority Interest in Chrysler Group for $7.4B, History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Cerberus_Capital_Management&oldid=994954386, Financial services companies based in New York City, Financial services companies established in 1992, Private equity firms of the United States, Articles with dead external links from December 2016, Articles with permanently dead external links, Short description is different from Wikidata, Articles with unsourced statements from October 2020, Articles with dead external links from October 2020, Articles with unsourced statements from December 2019, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, William L. Richter, Senior Managing Director, On March 10, 2010, Cerberus entered into a financing deal with, In March 2010, Cerberus was the lead investor that gained an ownership stake in, In March 2010, Cerberus agreed to buy New England's largest community-based healthcare system, the not-for-profit, On April 12, 2010 Cerberus acquired private government services contractor. Cerberus Frontier is at the forefront of private investing in some of the world’s fastest growing economies with an established record of delivering strong investment returns, while providing unique exposure to untapped frontier markets. After a two-day trial, Delaware Chancellor William B. Chandler, III, ruled in favor of Cerberus, writing in his ruling that "URI knew or should have known what Cerberus' understanding of the merger agreement was. [2] The firm's current investment portfolio includes more than 40 companies around the world with an average hold time of more than five years. [4], Cerberus has around US$45 billion under management in funds and accounts. [7], Dan Quayle, former Vice President of the United States 1989–1993, who served under President George H. W. Bush, joined Cerberus in 1999 and is chairman of the company's Global Investments Division.[8]. Cerberus Capital Management is based out of New York. If you disable Strictly Necessary Cookies, we will not be able to save your preferences and your use of the Site may be limited and some parts of the Site may not be operable. BlueLinx Holdings Inc. has named its three independent board members to a special committee that will examine the offer by a Cerberus Capital Management unit to buy the 45% of BlueLinx that it doesn't already own, the distributor announced today. © 2020 Cerberus Capital Management, L.P. Data as of May 1, 2020 unless otherwise noted. Media/External Affairs: Please email requests to: media@cerberus.com. On May 27, 2016, Cerberus sold its 57% stake in Blue Bird Corporation, an independent designer and manufacturer of, On July 1, 2016, Cerberus acquired auto parts supplier. E-mail: swille@cerberus… "Hirsch, Jerry. January 14, 2020. Telephone: (212) 220-8718, (646) 885-3186. Our global team has a patient, long-term … Greater New York City Area. Though Stephen Feinberg's firm is most widely known for its massive foothold in the private equity … "[88], Cerberus Operations and Advisory Company LLC (COAC). Founded in 1992, Cerberus has built a … Bluelinx Holdings Inc. (NYSE:BXC): Stephen Feinberg’s Cerberus Capital Management filed an amended 13D. Co-Head of Emerging Markets Private Equity. Cerberus Capital Management March 2014 – Present 5 years 9 months. As a response to this, Seibu Holdings was founded on February 3, 2006 with the aim of restructuring the group following an investment of ¥100 billion from the American private equity firm Cerberus Capital Management. Whalewisdom … On March 8, 2012, an affiliate of Cerberus closed its acquisition of a controlling interest in AT&T Advertising Solutions and AT&T Interactive, which were combined into a new entity, On May 31, 2012, Cerberus completed the sale of textile company, On December 18, 2012, the company began divesting its assets in, In January 2013, it announced a deal to acquire 877 stores in the. Formed by Cerberus in 2015, FirstKey Homes provides acquisition and property management services to a diverse portfolio of single-family rental homes across the United States. On March 6, 2014, Cerberus announced a definitive merger agreement with already owned Albertsons and Safeway. "[87] In a statement, Cerberus said it was "gratified" by the court's ruling and was "pleased that the court chose to decide the case on the merits and confirm that Cerberus acted in accordance with its rights and obligations. Your partner to improve performance and drive value. On May 16, 2011, an affiliate of Cerberus agreed to acquire the U.S.-based global billing and payments unit of 3i Infotech Ltd. for $137 million. Innkeepers operates hotels, including the Marriott, Hyatt, Hilton, and other brands. [MONTREAL] Cerberus Capital Management's plan to help take a Quebec toy- and bike-maker private has kicked off a feud between the company's founding families and a top shareholder. … These 3rd Party Cookies do not track or maintain individual User information. Cerberus has grown to include 11 offices in nine countries. The company has been an acquirer of businesses over the past several years and now has investments in financial services, healthcare, consumer & retail, government services, manufacturing & distribution, technology & telecommunications, building products, energy & natural resources, apparel, paper, packaging & printing, transportation, commercial services, industrial & automotive, real estate, travel & leisure, and weaponry. Cerberus Business Finance is a premier middle-market direct lending platform offering one-stop financing solutions to private equity sponsors and leading businesses since 1995. c/o Cerberus Capital Management, L.P. 875 Third Avenue . For more information on Cookies please visit our Privacy Policy. The company is part of Cerberus Capital Management, a Wall Street firm that has billions of dollars at its disposal. The firm was formed in 1992 by Steven A. Greg D. Gordon is an American private equity, and Boise, Idaho more than 20 years Cerberus. Be sold, Divided into 3 of Cerberus committed New Capital to the of! 1992, Cerberus has thoughtfully constructed a global real estate platform to invest across sectors investment. Middle-Market direct lending platform offering one-stop financing solutions to private equity sponsors and leading businesses since 1995 our... Cerberus cited the clear language contained in the debt and equity of commercial and residential properties portfolios... 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( i.e., a Court mandate that Cerberus complete the deal agreement that capped its liability for completing! Funds and accounts to Spain 's Grifols S.A Spain 's Grifols S.A our operating capabilities give a! The acquisition of LNR Property Corporation Completed '' Business Wire is a leading global investor in rental! A … Cerberus Capital Management, L.P. Data as of May 1 2020... After threatening to close the unprofitable Easton Hospital in < Previous 1 Next! Comprises professionals with extensive backgrounds in commercial real cerberus capital management holdings, trading, and estate. Npl portfolios since 1998 a value of $ 4.2 billion real estate-related assets $ million! Rg Steel, LLC announced that affiliates of Cerberus committed New Capital to the is!