M&A Deal Summary

Cerberus Capital Management Acquires Exploria Resorts

On November 2, 2017, asset manager Cerberus Capital Management acquired leisure company Exploria Resorts

Acquisition Highlights
  • This is Cerberus Capital Management’s 4th transaction in the Leisure sector.
  • This is Cerberus Capital Management’s 36th transaction in the United States.
  • This is Cerberus Capital Management’s 3rd transaction in Florida.

M&A Deal Summary

Date 2017-11-02
Target Exploria Resorts
Sector Leisure
Buyer(s) Cerberus Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Exploria Resorts

Clermont, Florida, United States
Exploria Resorts is a diversified hospitality, development, and management company with a collection of resorts and hotels. Exploria Resorts is based in Clermont, 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 54 of 93
Sector: Leisure M&A 4 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 27
State: Florida M&A 3 of 7
Country: United States M&A 36 of 68
Year: 2017 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Bawag Group

Vienna, Austria

Bawag Group is a banking group providing retail, SME, corporate, real estate, and public sector financial services. Bawag's offerings include deposits, consumer and housing loans, corporate lending, leasing, and investment and insurance products. Bawag Group was founded in 1922 and is based in Vienna, Austria.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Carrier & Technology Solutions

Fort Lauderdale, Florida, United States

Carrier & Technology Solutions is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. CTS provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. Carrier & Technology Solutions was founded in 2003 and is based in Fort Lauderdale, Florida.

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