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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.

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