Entries tagged "Cerberus Capital"
'That worrying wall of debt' that The Deal magazine warned about in June is already beginning to impact the 10 largest leveraged buyout deals financed between 2005 and 2007, according to Moody's.
Having learned a lesson about fickle investors Cerberus is inserting a three-year lock-up clause into its two new hedge funds.
Chrysler 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.
Now, thanks to the U.S. government's $700 billion financial rescue plan, everyone wants to be a bank holding company, and joining that list is home and auto lender GMAC LLC, according to The Wall Street Journal. ...
Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...
Both Cerberus Capital Management and D.E. Shaw & Co. snagged high-profile directors. Cerberus' catch was clearly the bigger of the two. The buyout firm signed former Treasury Secretary John Snow as chairman of the firm. Before becoming Treasury Secretary in 2003 during the current Bush administration, he was the CEO of railroad operator CSX Corp. Snow stepped down at the beginning of the year. Interestingly, while treasury secretary, Snow spent time with another dealmaker, Elevation Partners founder Bono, helping the rockstar-turned-philanthropist-turned-dealmaker promote third-world debt forgiveness. D.E. Shaw also snagged a former Treasury Secretary to join the firm, Lawrence Summers, who...
