Investment Summary

Exits NewPage

On September 7, 2011, invested in forest products company NewPage from Cerberus Capital Management

Investment Highlights
  • This is transaction in the Forest Products sector.
  • This is transaction in the United States.
  • This is transaction in Ohio.
Investment Fate
  • NewPage was sold to a strategic buyer in 2015 for 1.4B USD.

Investment Summary

Date 2011-09-07
Target NewPage
Sector Forest Products
Sellers(s) Cerberus Capital Management
Deal Type Bankruptcy

Target

NewPage

Miamisburg, Ohio, United States
website
NewPage facility in Duluth, Minnesota.
NewPage facility in Duluth, Minnesota.
NewPage manufactures, markets and distributes coated printing papers for magazines, catalogs, textbooks and advertising materials.

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Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


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 13 of 52
Sector (Forest Products) 1 of 1
Type (Bankruptcy) 4 of 6
State (Ohio) 1 of 1
Country (United States) 9 of 35
Year (2011) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Deb Shops

Philadelphia, Pennsylvania, United States

Deb Shops is a mall-based, specialty retailer of fashionable, value-priced apparel and accessories for junior females in both regular and plus sizes. Headquartered in Philadelphia, PA, the Company operates over 340 stores in the U.S. principally under two store formats: junior only and junior / plus combination.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-19 Innkeepers USA

Palm Beach, Florida, United States

Innkeepers USA is an owner of upscale and extended-stay hotel properties throughout the U.S. Innkeepers USA owns seventy-six hotels with 10,259 rooms in the United States.

Buy $1.0B