M&A Deal Summary

Cerberus Capital Management Acquires Bluestone

On February 27, 2018, asset manager Cerberus Capital Management acquired financial services company Bluestone from Bluestone Group

Acquisition Highlights
  • This is Cerberus Capital Management’s 6th transaction in the Financial Services sector.
  • This is Cerberus Capital Management’s 1st transaction in Australia.

M&A Deal Summary

Date 2018-02-27
Target Bluestone
Sector Financial Services
Buyer(s) Cerberus Capital Management
Sellers(s) Bluestone Group
Deal Type Divestiture

Target

Bluestone

Sydney, Australia
Bluestonex is a non-bank mortgage lender and servicer. In addition to lending to borrowers who don’t meet bank criteria, Bluestone also provides servicing solutions to third parties, leveraging its proprietary origination and servicing systems and resources. Bluestone is based in Sydney, 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 58 of 93
Sector: Financial Services M&A 6 of 9
Type: Divestiture M&A Deals 7 of 14
Country: Australia M&A 1 of 2
Year: 2018 M&A 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Cyanco

Reno, Nevada, United States

Cyanco is a global producer of sodium cyanide with manufacturing facilities serving customers in North America, Latin America, and Africa. Cyanco’s Applied Technology provides consulting services, laboratory support, and cyanide processing technologies to assist customers in optimizing their metal recoveries and sodium cyanide usage throughout the mine lifecycle. Cyanco is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Remington

Madison, North Carolina, United States

Remington designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the US' oldest operating manufacturer.

Sell -

Seller(S) 1

SELLER

Bluestone Group

Cambridge, United Kingdom

Category Company
Founded 2000
Sector Financial Services
Employees130
DESCRIPTION

Bluestone Group is a financial services and technology business which include lending, investment and portfolio servicing . Bluestone Group was founded in 2000 and is based in Cambridge, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2018 M&A 1 of 1