Deals
Cerberus Said to Consider IPO of German Retail Properties
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Cerberus Capital Management LP, the buyout firm that’s seeking $3.75 billion for a new fund, is considering an initial public offering of its German retail-property assets, two people with knowledge of the plan said.
Cerberus, based in New York, is exploring the option with investment banks, said the people, who asked not to be identified because the plans are private. Cerberus owns buildings valued at about 2 billion euros ($2.7 billion) that house German department stores, including Woolworth, and big-box retailers, one of the people said.