The company, which is controlled
by private equity firm Cerberus Capital Management, will shed some $ 700 million in debt in the prepackaged reorganization that will be filed soon with federal bankruptcy court in Wilmington, Del..
What's more, after twelve years of ownership
by private equity firm Cerberus, including a 2015 IPO filing that was twisting in the wind, Albertsons had to do something.
Remington, which sought bankruptcy protection in March after sales fell and its debt piled up, will no longer be owned
by the private equity firm Cerberus Capital Management.
Not exact matches
Safeway was bought last year
by investors including
private equity firm Cerberus Capital Management LP.
Mr. Francois, 49, on the job at Chrysler for 15 months, is gaining a reputation among his ad agencies, dealers and staff for surprising them and taking the kinds of risks that make them feel more confident than they ever did while owned
by German carmaker Daimler or
private -
equity firm Cerberus Capital.
Bushmaster — the gun manufacturer of the rifle used in the Newtown, Conn., shootings — is being sold
by its owner, the
private equity firm Cerberus Capital Management.
The state - owned mortgages are being sold
by UK Asset Resolution (UKAR) to US
private equity firm Cerberus, in what is believed to be the largest ever financial asset sale
by a government in Europe.
Bloomberg reports that Richard Schulze,
Cerberus Capital Management and two additional
private equity firms will make a buyout offer for Best Buy
by the end of this week.