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M&A Deal Summary

Cerberus Capital Management Acquires Keane Group

On January 1, 2011, asset manager Cerberus Capital Management acquired energy services and equipment company Keane Group

Acquisition Highlights
  • This is Cerberus Capital Management’s 1st transaction in the Energy Services and Equipment sector.
  • This is Cerberus Capital Management’s 24th transaction in the United States.
  • This is Cerberus Capital Management’s 2nd transaction in Texas.
Investment Fate
  • Keane Group went public in 2017.
  • Keane Group merged with another company in 2019.

M&A Deal Summary
Date 2011-01-01
Target Keane Group
Sector Energy Services and Equipment
Buyer(s) Cerberus Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Keane Group

Houston, Texas, United States
Keane Group, Inc. provides top hole drilling and hydraulic fracturing services to major operators in the Marcellus Shale basin and across the U.S. Keane Group was founded in 2011 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 35 of 89
Sector (Energy Services and Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 13 of 27
State (Texas) 2 of 6
Country (United States) 24 of 65
Year (2011) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Covis Pharma

Luxembourg, Luxembourg

Covis Pharma is a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses. Covis is focused on marketing and distributing an array of branded products used to treat chronic and life-threatening medical issues and improve patient outcomes in various therapeutic areas including respiratory, cardiovascular, gastroenterology, and central nervous system diseases. Covis Pharma was founded in 2011 and is based in Luxembourg, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Rafaella Apparel Group

New York, New York, United States

Rafaella is a designer, sourcer, marketer and distributor of a full line of women's better sportswear, and recognized throughout the women's apparel industry and by consumers for its superior fitting pants.

Sell $70M
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