M&A Deal Summary

Cerberus Capital Management Acquires Boomers Parks

On May 14, 2020, asset manager Cerberus Capital Management acquired leisure company Boomers Parks for 45M USD

Acquisition Highlights
  • This is Cerberus Capital Management’s 5th transaction in the Leisure sector.
  • This is Cerberus Capital Management’s 15th largest (disclosed) transaction.
  • This is Cerberus Capital Management’s 49th transaction in the United States.
  • This is Cerberus Capital Management’s 7th transaction in Florida.

M&A Deal Summary

Date 2020-05-14
Target Boomers Parks
Sector Leisure
Buyer(s) Cerberus Capital Management
Deal Type Special Situations/Distressed
Deal Value 45M USD

Target

Boomers Parks

Boca Raton, Florida, United States
Boomers Parks is an entertainment services provider. Boomers Parks is a family entertainment centers include park locations under Boomers!, Malibu Grand Prix, Mountasia, and SpeedZone franchise brands. Boomers Parks is based in Boca Raton, Florida.

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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 72 of 93
Sector: Leisure M&A 5 of 5
Type: Special Situations/Distressed M&A Deals 11 of 13
State: Florida M&A 7 of 7
Country: United States M&A 49 of 68
Year: 2020 M&A 1 of 4
Size (of disclosed) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Covis Pharma

Luxembourg, Luxembourg

Covis Pharma is a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses. Covis is focused on marketing and distributing an array of branded products used to treat chronic and life-threatening medical issues and improve patient outcomes in various therapeutic areas including respiratory, cardiovascular, gastroenterology, and central nervous system diseases. Covis Pharma was founded in 2011 and is based in Luxembourg, Luxembourg.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-26 Albertsons

Boise, Idaho, United States

Albertsons is a food and drug retailer. Albertsons operates under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated. Albertsons was formed in 1939 and is based in Boise, Idaho.

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