M&A Deal Summary

Cage Capital Acquires Handel und Kredit & Co. KG

On January 1, 2010, private equity firm Cage Capital acquired financial services company Handel und Kredit & Co. KG from Cerberus Capital Management

Acquisition Highlights
  • This is Cage Capital’s 1st transaction in the Financial Services sector.
  • This is Cage Capital’s 1st transaction in Germany.

M&A Deal Summary

Date 2010-01-01
Target Handel und Kredit & Co. KG
Sector Financial Services
Buyer(s) Cage Capital
Sellers(s) Cerberus Capital Management
Deal Type Secondary Buyout

Target

Handel und Kredit & Co. KG

Frankfurt, Germany
Handel und Kredit GmbH & Co. KG is a full German banking license according to Bafin requirements (§32 (1) of the banking act) and operates two branches in Altena and Hagen, which offer a full banking service to retail and small corporate clients.

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Buyer(S) 1

DESCRIPTION

Cage Capital is a private investment firm focused on investing in financial services, renewable energy, and real estate. Cage Capital was formed in 1999 and is based in Amsterdam.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

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 7 of 57
Sector: Financial Services M&A 2 of 5
Type: Secondary Buyout M&A Deals 1 of 6
Country: Germany M&A 1 of 1
Year: 2010 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-17 Alpha Media Group

New York, New York, United States

Alpha Media Group Inc. is a multimedia company and publisher of MAXIM, the largest young men’s lifestyle brand in America, which reaches nearly 9 million readers each month. MAXIM Digital reaches more than 4 million unique viewers each month. MAXIM magazine publishes 16 editions, sold in 75 countries worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-11 GeoEye

Herndon, Virginia, United States

GeoEye, Inc. is an international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry's imagery experts, delivering exceptional quality imagery products, services and solutions to customers around the world.

Buy -