March 29, 2013
- European banks continue to wrestle with deleveraging issues.
- Strategies aim at the disposal of sub- and non-performing loan portfolios, with mixed success.
- The pipeline of potential transactions should keep market participants busy for years.
Source: The Institutional Real Estate Letter – EUROPE
January 11, 2013
Cerberus, Other Investors Who Profited From Albertson's Breakup Will Try Their Hand at Reviving the Remainder
Source: The Wall Street Journal
January 10, 2013
SUPERVALU Announces Definitive Agreement for Sale of Five Retail Grocery Banners to Cerberus-Led Investor Group
MINNEAPOLIS, Jan 10, 2013 (BUSINESS WIRE) -- SUPERVALU Inc. (SVU) announced today a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies (collectively, the "Banners") to AB Acquisition LLC ("AB Acquisition"), an affiliate of a Cerberus Capital Management L.P. ("Cerberus")-led investor consortium which also includes Kimco Realty Corporation KIM -0.05% , Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group, in a transaction valued at $3.3 billion.
January 4, 2013
Investment supports continuity in management and strategy for 1,100-strong pub group Admiral Taverns (“Admiral”), the tenanted pub group, today announced that it has been acquired by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), one of the world’s leading private investment firms, from Lloyds Banking Group.
December 18, 2012
NEW YORK, Dec. 18, 2012 /PRNewswire/ -- We were shocked and deeply saddened by the events that took place at the Sandy Hook Elementary School in Newtown, CT on December 14, 2012. We cannot comprehend the losses suffered by the families and friends of those killed by the unthinkable crimes committed that day. No words or actions can lessen the enormity of this event or make a dent in the pain that was inflicted on so many.