Marín joins Cerberus

By Luisa Beltran — 4 days ago

Cerberus Capital Management LP said Thursday that Jose Luis Marín has joined the firm as Chairman of the firm’s renewable energy investments business. He was previously CEO of Endesa Diversificación and President and CEO of Endesa Red. Cerberus also said it completed its buy of Renovalia Energy SA from the Ortega Family and IDM Ortemar. Renovalia operates in six countries and has more than 650 megawatts of power generation under management along with a global development pipeline of wind farms and solar PV plants. Watson Farley & Williams LLP and Ashurst LLP provides legal advice to Cerberus. KPMG provided financial advice to Cerberus. Bird & Bird LLP provided legal advice to Renovalia.


Cerberus provides $70 mln loan to Accuray

By Luisa Beltran — 4 weeks ago

Accuray Inc. said Tuesday it closed a $70 million straight debt financing agreement with Cerberus Business Finance LLC, an affiliate of Cerberus Capital Management LP. Proceeds will be used, along with $30 million cash funded by Accuray, to retire $100 million in debt. Accuray is a radiation oncology company.


Abrams joins Cerberus Capital from Apollo Management

By Luisa Beltran — 1 month ago

Cerberus Capital Management said Monday that David Abrams was appointed Senior MD of Cerberus UK Advisors Ltd in its London office. Abrams was previously with Apollo Management, where he founded and was the Managing Partner of the Apollo European Principal Finance Funds franchise.


Hennessy Capital closes Blue Bird buy

By Luisa Beltran — 12 months ago

Hennessy Capital Acquisition Corp. said Tuesday it closed its buy of School Bus Holdings, which conducts its business under the “Blue Bird” name. The Traxis Group BV, which is majority owned by Cerberus Capital Management, is the seller. The deal is valued at $255 million, a September statement from Schulte Roth & Zabel said. Cerberus will continue to own 58 percent of Blue Bird’s outstanding shares. Blue Bird designs and makes school buses. Schulte Roth & Zabel provided legal advice to Cerberus, Traxis Group and Blue Bird.