Sweet Oak acquires Whole Earth Brands with $862m financing from Silver Point Finance

Sweet Oak acquires Whole Earth Brands with $862m financing from Silver Point Finance

Silver Point Finance, the direct lending division of Silver Point Capital, L.P., has finalised an $862 million Senior Secured financing to facilitate Sweet Oak’s acquisition of Whole Earth Brands, Inc. This significant financial arrangement includes both the refinancing of Sweet Oak’s existing broadly syndicated loan and funding for the acquisition. The transaction has received notable […]

Cerberus Capital invests in aerospace leader Resonant Sciences

Cerberus Capital invests in aerospace leader Resonant Sciences

Resonant Sciences, a leading expert in aerospace survivability solutions, has secured a strategic investment from Cerberus Capital Management L.P., a global juggernaut in alternative investing with a focus on supply chain integrity and national security. Established in 2015, Resonant specializes in advanced technology solutions for the United States defense community, operating with more than 150 […]

HSBC to offload French retail banking business to My Money Group

HSBC to offload French retail banking business to My Money Group

HSBC Continental Europe (formerly HSBC France) will divest its French retail banking business to Cerberus Capital Management-controlled My Money Group for a nominal price of €1, leading to a pre-tax loss of around €1.9 billion. In this connection, the HSBC subsidiary has signed a memorandum of understanding (MOU) with Promontoria MMB SAS (My Money Group), […]

HDFC, Cerberus to create special situations platform for Indian residential real estate sector

HDFC, Cerberus to create special situations platform for Indian residential real estate sector

HDFC Capital Advisors, a subsidiary of HDFC, has entered into a partnership with an affiliate of US private equity firm Cerberus Capital Management for creating a special situations platform for the Indian residential real estate sector. The special situations platform will pursue buying of inventory and offer last-mile funding for under construction residential projects in […]

Cerberus to buy building services provider Kellermeyer Bergensons Services

Cerberus to buy building services provider Kellermeyer Bergensons Services

Alternative investing firm Cerberus Capital Management said that one of its affiliates has agreed to acquire Kellermeyer Bergensons Services (KBS) from affiliates of GI Partners for an undisclosed price. Based in Oceanside, California, Kellermeyer Bergensons Services provides technology-enabled, integrated facility management services to customers in North America. Through its differentiated technology and suite of facility […]