Cerberus moves to allow investors to exit Freedom Group

By Cust Serv — 5 years ago

Cerberus Capital Management LP is working on a mechanism that would allow its fund investors to exit Freedom Group Inc, the maker of the Bushmaster rifle used in the Newtown, Connecticut school shooting rampage, people familiar with the matter told sister news service Reuters.

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VSS sues ex-staffers who left for Riverside to start credit arm

By Cust Serv — 5 years ago

Veronis Suhler Stevenson has fired back against a group of former employees who left to work for another buyout shop, filing a lawsuit accusing them of breach of contract, violations of their duties of loyalty and fiduciary duties, and demanding $10 million in exemplary damages in addition to clawbacks of salary and carried interest.

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UK retailer Cath Kidston hires UBS to consider options

By Cust Serv — 5 years ago

British fashion and accessories retailer Cath Kidston and its private equity majority owner TA Associates have hired investment bank UBS to consider the firm’s strategic options which could include a sale or partial sale of the business, sister news service Reuters reported.

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Sponsors could double their money with debt-laden Aramark IPO

By Cust Serv — 5 years ago

Aramark Holdings, one of the big club deals from the last decade, is slated to go public next week, sister news service peHUB reported. The IPO would give Aramark’s private equity investors a path to exit, but the food service provider will enter the public markets saddled with much debt.

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Tomkins taps BofA, Goldman, Morgan Stanley to lead IPO

By Cust Serv — 5 years ago

Tomkins Plc, a private equity-owned manufacturer of auto parts and building products, has hired Bank of America Merrill Lynch, Goldman Sachs Group and Morgan Stanley to lead an initial public offering that could value the company at as much as $7 billion, people familiar with the matter told sister news service Reuters.

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