Cerberus Leads Spain’s $27 Billion Real Estate Servicing Market

July 1, 2014

Haya Real Estate, a real estate servicer owned by Cerberus Capital Management LP, has taken the largest share of Spain’s servicing market as distressed-property investors target 19.9 billion euros ($27 billion) of assets to manage.

Haya now has 22.4 percent of a market comprised of 210,949 properties, according to a report by Aura Real Estate Experts…

Cerberus News

Source: Bloomberg

Irish Government Sells Distressed Property Debt

April 4, 2014

Ireland's National Asset Management Agency, the Irish government's "bad bank," Friday said that it had off loaded loans worth GBP4.5 billion ($7.47 billion) held by residents in Northern Ireland to Cerberus Capital Management L.P., at undisclosed discounts.

The transaction marks Dublin's largest disposal so far of severely distressed bank loans that were hit by the country's huge property collapse six years ago…

Cerberus News

Source: The Wall Street Journal

Sale of Nama Northern Ireland portfolio ‘great news for economy’

April 4, 2014

The National Assets Management Agency (Nama) confirmed it had struck a deal on the Project Eagle loans with leading private investment firm Cerberus Capital Management.

The loans involved original borrowings of £4.5 billion (5.5 billion euro) and were secured by assets in Northern Ireland, the Republic, Britain and other locations in Europe….

Cerberus News

Source: Belfast Newsletter

Nama sells entire Northern Ireland debt portfolio

April 4, 2014

…Northern Ireland first minister Peter Robinson said he had talks with those behind the deal, including former US vice president Dan Quayle, and said it was excellent news.

“For some time I have made clear the danger to the local economy of leaving valuable assets undeveloped and the threat that these posed to otherwise profitable businesses. I believe that this deal can be of real benefit to our economy,” he said.

Cerberus News

Source: Irish Times

Deal Offers Safeway Scope To Think Big, Act Locally

March 10, 2014

…One thing Albertsons has done well under its private-equity owners, a group led by Cerberus Capital Management LP, is to give regional managers more voice in key decisions such as what products to stock, say analysts and industry consultants. That's an area in which Safeway has sometimes stumbled.

Cerberus News

Source: The Wall Street Journal

Safeway tie-up offers clout in tough US retail environment

March 7, 2014

….But companies such as Safeway – which agreed on Thursday to be acquired by a Cerberus Capital Management-led consortium for $9bn – still provide the steady cash flows and valuable property portfolios that are attractive to investment groups.


Cerberus News

Source: Financial Times

Safeway and Albertsons Announce Definitive Merger Agreement

March 6, 2014

Safeway Inc. (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC (“AB Acquisition”) will acquire all outstanding shares of Safeway (the “Merger”). The merger agreement was unanimously approved by the Board of Directors of Safeway.

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