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May 03, 2015 10:06 PM ET

Capital Markets

Company Overview of Cerberus Capital Management, L.P.

Company Overview

Cerberus Capital Management, L.P. is a private equity firm specializing in investments in undervalued companies and distressed corporate debt and securities. It invests in equity of public and private large-cap and middle-market companies and also makes mezzanine investments. The firm seeks to invest in aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, fertilizers and agricultural chemicals, manufacturing and distribution, paper, packaging, and printing, real estate, logistics, technology and telecommunications, transportation, and travel and leisure sectors. For distressed investing, it foc...

875 Third Avenue

28th floor

New York, NY 10022

United States

Founded in 1992

Phone:

212-891-2100

Fax:

212-891-5212

Key Executives for Cerberus Capital Management, L.P.

Co-Founder, Chief Executive Officer, Senior Managing Director, Chief Investment Officer, Member of Investment Committee, Member of Credit Committee, Member of Valuation Committee, Member of Real Estate Committee, Member of Allocation Committee, Brokerage Committee, and Europe Distressed Debt Investment Committee
Age: 53
Senior Managing Director, Chief Administrative Officer, Co-General Counsel, Member of Investment Committee, Member of Compliance and Risk Management Committee, Member of Securities Compliance Committee, Member of Valuation Committee, Member of Allocation Committee, and Member of Brokerage Committee
Chief Operating Officer, General Counsel, Senior Managing Director, Member of Investment Committee, Member of Credit Committee, Member of Compliance and Risk Management Committee, Member of Securities Compliance Committee, Member of Valuation Committee, Member of Compensation Committee, and Member of Allocation Committee and Brokerage Committee
Age: 57
Chief Financial Officer, Senior Managing Director, Member of Management Investment Committee, Member of Compliance and Risk Management Committee, Member of Valuation Committee, and Member of Allocation Committee
Co-Founder and Senior Managing Director
Age: 68
Compensation as of Fiscal Year 2014.

Cerberus Capital Management, L.P. Key Developments

China's Anbang Places Highest Bid For Novo Banco

Anbang Insurance Group Co., Ltd. has reportedly submitted the highest nonbinding offer for Novo Banco, S.A., slightly above €4 billion. The second-highest bid was placed by Fosun Group Finance Corporation Limited. Banco Santander S.A. offered around €2.5 billion. Apollo Global Management, LLC (NYSE:APO) and Cerberus Capital Management, L.P. are also participating in the bidding process.

Cerberus Capital Management LP Appoints Andrew Frank as Managing Director

Cerberus Capital Management LP announced that Andrew Frank has joined the firm as managing director. Frank will be based in New York and will be primarily responsible for nonsponsor-backed lending and creating and managing partnerships with other lending institutions, intermediaries and advisory firms. Previously, Frank was a managing director and head of syndication for all debt capital markets activity at Stifel Financial Corp. unit Stifel Nicolaus & Co. Inc. from 2010 to 2014.

Cerberus Reportedly Mulls Options For BAWAG

Cerberus Capital Management, L.P. is said to be evaluating alternatives for BAWAG P.S.K. Sources close to the matter stated that Cerberus has engaged three banks in order to help conduct a strategic review of its majority stake in BAWAG, in a deal that could be around €4 billion. The sources said that Cerberus had hired Goldman Sachs, Lazard and Morgan Stanley for the review. One source said that it could lead to acquiring another lender, merging BAWAG with another bank or selling it. Sources seeking anonymity added, ‘All options are on the table’, and an initial public offering was a less likely option. According to the news report, BAWAG declined comment and other banks too.

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