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Mar 08, 2021
Private equity firm Cerberus Capital Management has brought back a familiar face to help them identify investment opportunities in the technology, security and defense sectors.
Cerberus said Friday that Greg Nixon has taken the role of strategic investments, senior legal counsel and senior managing director.
Nixon is chairman of the board of directors for portfolio company Navistar Defense and was a member of the board at Sparton Corp., which Cerberus acquired in 2019 and then sold a year later to Elbit Systems of America.
His most recent executive role was chief administrative officer and chief legal officer at DynCorp International, which Cerberus sold to Amentum late last year.
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A new public banking system in Ireland? The Government is being asked to revisit the idea
Green Party and Fianna Fáil TDs are calling for the government to revisit the idea of community banking. By Christina Finn Saturday 6 Mar 2021, 9:30 AM Mar 6th 2021, 9:30 AM 24,252 Views 32 Comments
Ulster Bank announced it is leaving the Irish banking market last month sparking calls that more competition is needed.
Image: Sam Boal
Ulster Bank announced it is leaving the Irish banking market last month sparking calls that more competition is needed.
Image: Sam Boal
PUBLIC BANKS ARE the norm in Europe, so why not here?
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With Theodoric Meyer and Daniel Lippman
AMONG CHRIS CHRISTIE’S CONSULTING CLIENTS JUUL LABS: Former New Jersey Gov.
Chris Christie’s firm,
Christie 55 Solutions, brought in more than $1 million last year lobbying for clients such as the pharmaceutical company
By Reuters Staff
1 Min Read
(Reuters) - PQ Group Holdings Inc said on Monday it has agreed to sell its performance chemicals business, which makes cleaning and whitening agents for toothpastes and surface coatings, to a partnership formed by Cerberus Capital Management, L.P. and Koch Minerals & Trading LLC for a deal valued at $1.1 billion.
PQ Group, which completed the sale of its performance materials business last year, will focus on its core refining services and catalysts technologies businesses following the divestitures.
The company, once the deal is closed, expects to use the proceeds to issue a special dividend of $2.50 to $3.25 per share for shareholders. The deal is expected to result in a debt reduction of $450 million to $550 million.