AlphaStaff, a human resource outsourcing firm serving small and medium-sized businesses, has appointed Neal Bibeau as the company’s president and chief executive officer. Prior to AlphaStaff, Bibeau served as president and chief executive officer of DecisionOne Corporation. He also served as an advisor to Cerberus Capital Management across a range of industries, including outsourced business [...]
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US buyout firm Cerberus Capital Management has sold the Japanese operations of an employment agency to private equity firm CVC Capital Partners for an undisclosed amount, writes Reuters. The business was recently renamed Prompt Holdings. Current management will not be changed, writes Reuters. Reuters – US buyout firm Cerberus Capital Management has sold the Japanese [...]
Several private equity firms have lined up to invest in mortgage providers and servicers in recent weeks, suggesting more firms are eager to get back into a much maligned sector as it staggers out of the Great Recession,Buyouts reports in its March 26 edition. In less than a week, between March 9 and March 14, [...]
Covis Pharma Sàrl, a Switzerland- based specialty pharmaceutical company owned by affiliates of Cerberus Capital Management has reached an agreement with GlaxoSmithKline to acquire full commercial rights for some of its products in the US and Puerto Rico. Covis Pharma is also backed by Princeton Biopharma Capital Partners and Bourne Capital Partners. PRESS RELEASE Align [...]
Sinclair Broadcast Group has closed its acquisition of Four Points Media from Cerberus Capital Management for $200 million. Sinclair had been operating the Four Points TV stations since October 1, 2011, pursuant to a Local Marketing Agreement, while it awaited FCC approval. PRESS RELEASE Sinclair Broadcast Group, Inc. SBGI +5.12% , the “Company” or “Sinclair,” [...]
Covis Pharma — a Switzerland-based pharmaceutical company backed by Cerberus Capital Management, Princeton Biopharma Capital Partners and Bourne Capital Partners — is buying the U.S. commercial rights for several drugs from GlaxoSmithKline. Terms of the agreement were not disclosed. GlaxoSmithKline will retain the existing rights for the products in countries outside the United States.
GeoEye, a leading source of geospatial information and insight has appointed General Michael P. C. Carns to serve on its board of directors. He joins nine other board members and has been appointed as the board representative of Cerberus Capital Management. GeoEye partnered with Cerberus, which provided financing support of the Company’s bid on the [...]
Chatham Lodging Trust and Cerberus Capital Management said Thursday that they have completed their buy of 64 hotels of Innkeepers USA Trust. The total gross purchase price was about $1.02 billion. Cerberus/Chatham were locked in a bitter dispute with Innskeeper USA Trust for two months after backing out of a deal to buy the hotels at a higher price.
(Reuters) – Cerberus Capital Management and Chatham Lodging Trust have reached a tentative agreement to buy bankrupt Innkeepers USA Trust at a lower price than in an earlier deal that fell apart, a source close to the talks said. Cerberus and Chatham would acquire 64 of the bankrupt hotel operator’s properties for about $1 billion [...]