Cerberus Hires Deutsche Bank to Sell Debt Collector Haya

Cerberus Capital Management, the US private equity firm, is planning to sell its Spanish debt-servicing company Haya Real Estate, according to people familiar with the matter.

Cerberus, known for its investments in distressed companies, is working with Deutsche Bank AG to prepare a sale of company as soon as September, they said, asking not to be identified because talks are private.