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  5. Cerberus Capital Management Acquires Axsesstoday

M&A Deal Summary

Cerberus Capital Management Acquires Axsesstoday

On September 9, 2019, asset manager Cerberus Capital Management acquired financial services company Axsesstoday

Acquisition Highlights
  • This is Cerberus Capital Management’s 8th transaction in the Financial Services sector.
  • This is Cerberus Capital Management’s 2nd transaction in Australia.

M&A Deal Summary
Date 2019-09-09
Target Axsesstoday
Sector Financial Services
Buyer(s) Cerberus Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Axsesstoday

Melbourne, Australia
Axsesstoday is a specialist provider of funding solutions for small to medium-sized enterprises (SMEs) in the hospitality, transport, and other sectors. Axsesstoday has provides a compelling and differentiated value proposition for merchants to offer finance to their end customers for their business-critical equipment needs. Axsesstoday was founded in 2012 and is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

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 68 of 93
Sector: Financial Services M&A 8 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 27
Country: Australia M&A 2 of 2
Year: 2019 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Avon Products

London, United Kingdom

Avon brings beauty to the lives of women all over the world. At Avon, beauty means finding the right lipstick shade for a customer; providing an earnings opportunity so a woman can support her family; and enabling a woman to get her first mammogram. It’s about championing economic empowerment and improving the lives of women around the world. Avon Products was founded in 1886 and is based in London, the United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Closure Systems International

Indianapolis, Indiana, United States

Closure Systems International is a plastic closure design, manufacturing and high-speed capping equipment/application systems. Closure Systems International is based in Indianapolis, Indiana.

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