Investment Summary

Cerberus Capital Management Invests In Torngat

On November 9, 2022, asset manager Cerberus Capital Management invested in metals/mining company Torngat

Investment Highlights
  • This is Cerberus Capital Management’s 1st transaction in the Metals/Mining sector.
  • This is Cerberus Capital Management’s 2nd transaction in Canada.
  • This is Cerberus Capital Management’s 1st transaction in Quebec.

Investment Summary
Date 2022-11-09
Target Torngat
Sector Metals/Mining
Investor(s) Cerberus Capital Management
Deal Type Growth Capital

Target

Torngat

Montréal, Quebec, Canada
Torngat is a private company developing the Strange Lake project in the Nunavik region of Québec to provide a long-term responsible supply of rare earths required for many high-tech and low-carbon technologies, including electric vehicles and wind turbines. Strong global market growth and a sustainable climate require new sources of responsible rare earth supply. Torngat is based in Montréal, Quebec.

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Investor(S) 1

Investor

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 83 of 87
Sector (Metals/Mining) 1 of 1
Type (Growth Capital) 4 of 5
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Helix Sleep

New York, New York, United States

Helix Sleep is a direct-to-consumer brand platform, operating a portfolio of sleep and home goods brands. Each mattress is designed to your body type, sleeping position, and feel preference using our proprietary sleep technology. Helix Sleep was founded in 2015 and is based in New York City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Worldwide Flight Services

Roissy, France

Worldwide Flight Services is a provider of ground services at over 60 major airports. WFS provides ramp, passenger, cargo, and technical services for more than 200 domestic and international airlines, including American, Continental, British Airways, Cathay Pacific, and Korean Airlines. Worldwide Flight Services was founded in 1984 and is based in Roissy, France.

Sell €1.3B
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