Seibu Holdings Inc. President Takashi Goto is seeking to relist Japan’s biggest hotel chain after a nearly 10-year hiatus. Now he needs to court investors made wary by two other recent IPOs that flopped.
Cerberus Capital Management LP, the private-equity firm that focuses on distressed assets, signed a nondisclosure agreement with BlackBerry Ltd., gaining access to financial information it could use to formulate a bid for the smartphone maker, said a person with knowledge of the situation.
Cerberus Capital Management LP plans to allow some investors to sell their stakes in Freedom Group Inc. a year after the Newtown, Connecticut, school shooting that prompted Cerberus to put the gunmaker up for sale, according to two people with knowledge of the matter.
Cerberus Capital Management LP’s pursuit of grocery chain Supervalu Inc. has stalled because the private-equity firm has had trouble obtaining the funds for a leveraged buyout, said people familiar with the matter.
Cerberus Capital Management LP, the $20 billion New York-based firm focused on distressed assets, started a fund to invest in commercial mortgage debt, according to a letter to investors obtained by Bloomberg News.