4/8/2024 0 Comments Cerberus capital managementThe New York-based firm declined to comment for this story, but a glance at its transaction history shows the scale of its involvement in the banking industry as a buyer of assets when many lenders were going through an intense period of deleveraging. Cerberus Capital Management LP played a major role in relieving European banks of bad debt portfolios and underperforming assets in the years following the global financial crisis, and the private equity group's reported interest in HSBC Holdings PLC 's French retail banking arm could be a precursor to more deals involving buyout firms in the near future, industry experts said.Ĭerberus has a well-established track record of picking off European banking assets.
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