Cerberus Capital Management LP is entering the booming market for single-family homes to rent, planning to lend billions of dollars to investors too big for government programs and too small to get Wall Street funding.
Cerberus Capital Management LP’s founder Stephen Feinberg and his partners may try to acquire gunmaker Freedom Group Inc. from the private-equity funds managed by his firm, according to two people familiar with the matter.
What with the terrorist attack in Boston, the deadly explosion at a fertilizer plant in Texas and the inane vote against gun control in the U.S. Senate, you may have missed the news late last week about Stephen Feinberg. The reclusive co-founder of the buyout firm Cerberus Capital Management LP is attempting one of his most daring and ill- conceived deals of all time: trying to buy Freedom Group Inc., one of the world’s largest gun manufacturers, from his own company.
General Electric Co., whose Connecticut headquarters is about 35 minutes by car from the site of the Newtown school massacre, said it tightened rules against providing consumer financing to firearms retailers.
Cerberus Capital Management LP, the private-equity firm led by Stephen Feinberg, is moving ahead with an initial public offering of its German retail-property assets after hiring three banks to manage the sale, people with knowledge of the plan said.
Cerberus Capital Management LP, the private-equity firm led by Stephen Feinberg, has raised $1.32 billion for a middle-market loan fund that will seek to take advantage of a pullback in lending, a marketing document shows.
Cerberus Capital Management LP, the New York-based investment firm that owns the largest U.S. gunmaker, will put the company up for sale, acting four days after one of its rifles was used in the Connecticut school shootings that left 26 people dead, including 20 six- and seven- year-olds.
Stephen Feinberg , chief executive officer of Cerberus Capital Management LP, said the private- equity industry remains lucrative even as the size of new funds shrinks following the 2008 financial crisis.
The father of Stephen Feinberg, the founder of the private-equity firm that owns gunmaker Freedom Group Inc., lives in the town where a Freedom Group-made rifle was used to kill 26 people in an elementary school.
Ally Financial Inc., the largest U.S. auto lender, enlisted Cerberus Capital Management LP’s Lenard Tessler to help oversee turnaround efforts and salvage the government’s $17.2 billion investment, four people with knowledge of the matter said.