Cerberus sells Silverleaf Resorts to Orange Lake Holdings

Cerberus Capital Management has sold Silverleaf Resorts Inc to Orange Lake Holdings. No financial terms were disclosed. Credit Suisse provided financial advice to Silverleaf and Cerberus on the transaction. Silverleaf Resorts is a vacation ownership company.


Hennessy Capital closes Blue Bird buy

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.

Safeway sign

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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