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Entries tagged "Cerberus Capital Management"Cerberus' troubles shed light on Madoff feeder fundsProblems at Cerberus may provide a rare glimpse into the difficulties facing Bart M. Schwartz, the trustee charged with unwinding funds managed by J. Ezra Merkin. Busted auto deals drive off Cerberus investorsMonths after Cerberus' contrarian bets on Chrysler and GMAC were wiped out, the distressed investor is still seeing clients flee its family of hedge funds. Nardelli familiar with hedge fund fireChrysler CEO Robert Nardelli is familiar with the heat that hedge funds can place on management, but he still failed to avoid trouble the second time around. Video: More strategics invest in distressed assetsRothchild's David Resnick discusses distressed investing opportunities for strategic acquirers. Video: Distressed financing markets are distressedCerberus Capital Management's Kevin Cross said that "the distressed financing markets themselves are distressed." Finance Layoffs: Cerberus, BofA, J.P. Morgan and moreMore bank layoffs were announced ahead of President Barack Obama's swearing in as the 44th president. Part of Obama's challenge will be "job creation" to jump-start the economy. Here is the latest list of layoff announcements. ... Will Maxim keep Steve Rattner from becoming car czar?Any college student can tell you that loud music, pretty girls and cars all go together, but it could be the combination of the three that prevents private equity dealmaker Steven Rattner from becoming Barack Obama's first car czar. ... GM and Chrysler racing to get a deal done before election dayThe presidential candidates aren't the only ones making a big push in the run up to election day; executives at General Motors Corp., Chrysler LLC and its private equity owner Cerberus Capital Management LP are racing the clock to Nov. 4 as well. ... Cerberus in talks to buy Daimler's stake in ChryslerIn spite of having a tough time turning around Chrysler LLC, the automaker's private equity owner Cerberus Capital Management LP reportedly is negotiating to buy the remaining 19.9% that it does not own from German automaker Daimler AG. ... Bankrupt Mervyn's sues its former PE ownersA month after tipping into bankruptcy, troubled retailer Mervyn's LLC is suing its former private equity owners -- Cerberus Capital Management LP and Sun Capital Partners Inc. -- saying that the structure of its 2004 buyout drove the department store chain into Chapter 11. ... Chrysler, GMAC weighing down the IRR on Cerberus fundDistressed investing specialist Cerberus has seen returns on its latest fund in the red after big bets on Chrysler LLC and GMAC LLC truned south. Chrysler denies bankruptcy rumorsChrysler LLC is denying rumors that it may file for Chapter 11. A spokesman for the privately held automaker told Reuters that the rumors were "without merit." He also said that the company had ample liquidity.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Cerberus Capital Management." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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