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Safeway deal to be backed by $7.6 bln in debt: IFR

The $9.4 billion acquisition of U.S. retailer Safeway by Cerberus Capital Management is expected to be financed by $7.6 billion of debt in what will be the biggest buyout deal since Dell and Heinz last year, sister publication International Financing Review reported.

Cerberus moves to allow investors to exit Freedom Group – Reuters

Cerberus Capital Management is working on a mechanism that would allow its fund investors to exit Freedom Group, the maker of the Bushmaster rifle used in the Newtown, Connecticut school shooting rampage, writes Reuters. The move comes a year after the New York-based private equity firm said it would sell Freedom Group, a pledge that was made four days after 26 people, most of them children, were killed at the Sandy Hook Elementary School in Newtown.

Cerberus, others explore deal for Safeway – Reuters

A handful of buyout firms, including Cerberus Capital Management, are exploring a deal for all or part of supermarket chain Safeway Inc, writes Reuters. The deal could potentially shape up to be one of the largest leveraged buyouts since the financial crisis.

Cerberus Completes Sale of North American Bus Industries

Cerberus Capital Management has completed the sale of North American Bus Industries, a manufacturer of transit buses, to New Flyer, a manufacturer of heavy-duty buses in the U.S. and Canada. The transaction had a total purchase price of $80 million. An affiliate of Cerberus acquired NABI in 2006.

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Cerberus Misses Target for Fund V, Raises $2.61B

(Reuters) – Cerberus Capital Management LP has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets, Reuters reported Wednesday. The new fund fell short of the firm’s target of $3.75 billion.

Reuters – Best Buy Spurns $1bn Minority Investment

Best Buy Co has turned down a $1 billion minority investment proposal by founder Richard Schulze‘s three private equity partners, writes Reuters. Under the proposal, Leonard Green Partners, Cerberus Capital Management and TPG Capital would have each received a seat on the board of the world’s largest electronics retailer, writes Reuters.

Reuters: Cerberus working on takeover bid for Supervalu

Cerberus Capital Management is working on a takeover bid for troubled supermarket operator Supervalu Inc. and has held talks with lenders to line up financing, according to three sources familiar with the matter. Debtwire earlier reported that the private equity firm was pitching a handful of banks to arrange $4 billion to $5 billion in debt financing to back a bid, sending Supervalu’s shares up 30 percent on Monday.

AerCap Holdings Acquires Cerberus Shares

AerCap Holdings has purchased 10 million ordinary shares in AerCap held by Cerberus Capital Management, through its affiliate, Fern S.a.r.l. The aggregate purchase price for 10 million ordinary shares is $120 million. PRESS RELEASE AerCap Holdings N.V. (“AerCap,” “the Company,” NYSE: AER) purchased 10 million ordinary shares in AerCap held by Cerberus Capital Management, L.P. […]

Khosla’s SVP Raises Close to $270M for Latest Euro Fund

Strategic Value Partners LLC, the $4 billion hedge fund and private equity house started by distressed investing guru Victor Khosla, has secured close to $270 million in approvals and commitments for a distress-for-control European opportunities buyout fund, according to a source close to the firm. The target for the fund, Strategic Value European Opportunities (USD) […]

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