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European Banks Use Pandemic to Clean House


By Patricia Kowsmann and Margot Patrick
European banks are using the pandemic to make changes investors have wanted for years: slash jobs, shut branches and force customers online.
Germany s second-largest lender, Commerzbank AG, said Thursday that it would cut a third of its domestic staff and almost half of its bricks-and-mortar presence after pressure from U.S. shareholder Cerberus Capital Management. Bank mergers under way in Italy and Spain are expected to close thousands of overlapping branches. Business consulting firm Kearney predicts one-quarter of Europe s 165,000 bank branches will be gone in three years.
Banks are one of Europe s economic weak links, and they have been slow to change. Compared with U.S. peers, European banks struggle to make enough money to support lending growth. They came into the Covid-19 crisis still digesting a mountain of bad loans from the sovereign-debt crisis that started more than a decade ago. ....

United States , Manfred Knof , Xavier Fontdegloria , Andrea Enria , Carlo Messina , Patricia Kowsmann , Margot Patrick , International Monetary Fund , Jpmorgan Chase Co , European Central Bank , America Corp , Cerberus Capital , Intesa Sanpaolo Spa , Executive Carlo Messina , Dow Jones , Commerzbank Ag Stock Exchange , Press Release , Customers Cbk De000cbk1001 , ஒன்றுபட்டது மாநிலங்களில் , கார்லோ மெசினா , மார்கோட் பேட்ரிக் , சர்வதேச பண நிதி , ஜுப்ம்ொர்கண் துரத்து இணை , ஐரோப்பிய மைய வங்கி , அமெரிக்கா கார்ப் , சிஇஆர்பிஇஆர்யுவ்எஸ் மூலதனம் ,

5G mmWave startup Pivotal Commware nets $50M round


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2/11/2021
KIRKLAND, Wash. – Pivotal Commware ( Pivotal ), a global leader in 5G mmWave infrastructure products, announced today the closing of a $50 million C round led by an affiliate of Tracker Capital Management, LLC ( Tracker Capital ), a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies. Tracker Capital was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management. Tracker Capital is joined in this round by Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Pivotal s existing investors, including DIG Investment, Thermo, Lux Capital and Bill Gates, also participated in the financing. ....

Shaygan Kheradpir , Kyle Pickens , Stephena Feinberg , Bill Gates , Chris Brandon , Brian Deutsch , Fidelity Investments , Juniper Networks Ceos , Verizon Group , Tracker Capital Management , Barclays Bank Group , Pivotal Commware , Cerberus Capital , Tracker Capital , Devonshire Investors , Lux Capital , Holographic Beam Forming , Juniper Networks , Pivotal Board , Intelligent Beam Management System , கைல் பிகன்ஸ் , ர சி து வாயில்கள் , கிறிஸ் பிராண்டன் , பிரையன் டெஉட்ஸ்ச் , நம்பகத்தன்மை முதலீடுகள் , ஜூனிபர் நெட்வொர்க்குகள் சிஇஓஎஸ் ,

New Mexico State Investment Council slates $250 million for 3 funds


New Mexico State Investment Council slates $250 million for 3 funds
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New Mexico State Investment Council, Santa Fe, committed a total of up to $250 million to three alternative investment funds, said Charles Wollmann, spokesman for the $29.8 billion endowment, in an email.
The council at its Tuesday meeting committed up to $125 million to Cerberus Real Estate Debt Fund, an opportunistic real estate credit fund managed by
Cerberus Capital Management. The fund is expected to invest in private and public real estate debt in the U.S. and Europe. It has a $750 million fundraising target.
The council also committed up to $75 million to Ares European Property Enhancement Partners III, a fund managed by ....

United States , Baja California Sur , Charles Wollmann , Equity Fund , Cerberus Real Estate Debt Fund , Mexico State Investment Council , New Mexico State Investment Council , Cerberus Capital , Ares European Property Enhancement Partners , Ares Management , ஒன்றுபட்டது மாநிலங்களில் , கருப்பு பாறை , பஜா கலிஃபோர்னியா சூர் , பங்கு நிதி , சிஇஆர்பிஇஆர்யுவ்எஸ் ரியல் எஸ்டேட் கடன் நிதி , மெக்ஸிகோ நிலை முதலீடு சபை , புதியது மெக்ஸிகோ நிலை முதலீடு சபை , சிஇஆர்பிஇஆர்யுவ்எஸ் மூலதனம் , ஏரிஸ் ஐரோப்பிய ப்ராபர்டீ விரிவாக்கம் கூட்டாளர்கள் , ஏரிஸ் மேலாண்மை ,

AM Alpha makes core office investment in Portugal


By IPE staff2021-01-25T15:45:00+00:00
AM Alpha has invested an undisclosed amount to buy a core office portfolio in Portugal from an affiliate of Cerberus Capital Management.
The Munich-based global real estate investment firm said it has bought the four single-tenant assets, known as Beatles, on behalf of several institutional investors who are managed by a pension fund manager from Hamburg.
Three of the acquired assets are located in Lisbon and one in Vila Nova de Gaia.
This acquisition is AM Alpha’s third deal in Portugal, having already completed the refurbishment and sale of an office building as well as the acquisition of the BPlanet retail scheme on the south bank of Lisbon. AM Alpha said the latest deal is the firm’s first core acquisition. ....

Vila Nova De Gaia , Martin Lemke , Cerberus Capital , விலா நோவா டி கியா , மார்டின் லெம்கீ , சிஇஆர்பிஇஆர்யுவ்எஸ் மூலதனம் ,