Investment Summary

Cerberus Capital Management Invests In Scottish Re

On May 7, 2006, asset manager Cerberus Capital Management invested in insurance company Scottish Re

Investment Highlights
  • This is Cerberus Capital Management’s 1st transaction in the Insurance sector.
  • This is Cerberus Capital Management’s 1st transaction in Bermuda.

Investment Summary

Date 2006-05-07
Target Scottish Re
Sector Insurance
Investor(s) Cerberus Capital Management
Deal Type Stake Purchase

Target

Scottish Re

Hamilton, Bermuda
Scottish Re Group engages in the reinsurance of life insurance, annuities and annuity-type products.

Search 200,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 1

Investor

Cerberus Capital Management

New York, New York, United States

Investor 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 15 of 87
Sector (Insurance) 1 of 1
Type (Stake Purchase) 5 of 8
Country (Bermuda) 1 of 1
Year (2006) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Ally

Detroit, Michigan, United States

Ally is an automotive financial services company. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally was incorporated 1919 and is headquartered in Detroit, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 American Petroleum Tankers

New York, New York, United States

American Petroleum Tankers LLC (“APT”) is a U.S. Jones Act Shipping Company engaged in the coastwise trade of petroleum products.

Buy $500M