Entries tagged "Cerberus Capital Management LLP"
The black eyes keep coming for private equity firms. On Monday, Cerberus California Inc.-backed Western Nonwoven Inc. filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware in Wilmington, and on Tuesday, Madison Dearborn Partners LLC-supported Pierre Foods Inc. did the same in the very same court. These filings occurred while most PE-watchers were honing in on the expected large losses from private capital injections at mortgage lender IndyMac Bancorp....