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The PaxVax management team, which Cerberus will retain, has deep experience and demonstrated expertise in the development, manufacture and sale of vaccines.
3bn of the portfolio from Cerberus and says it intends to "provide a secure, long-term home" for the mortgages.
The terms and conditions of the existing loan agreements will remain unchanged and Cerberus has engaged UKAR's mortgage servicing arm to continue to service the loans, ensuring continuity in service for borrowers.
The Cerberus 420 can detect contaminants, weigh the product and also verify the pack label details: a three-pronged approach which provided the stimulus for the naming of the high speed pack inspection machine, Cerberus being the three-headed dog from Greek mythology who guards the underworld.
UK-based, state-backed Lloyds Banking Group Plc (LSE: LLOY) (NYSE: LYG) has said that it will sell a book of UK commercial real estate loans to US hedge fund, Cerberus, for GBP352m (USD589.
Cerberus, the largest shareholder in Seibu Holdings that now leads the group, has made a tender offer to boost its stake in the Japanese firm by up to 4 percentage points from the present 32 percent.
Cerberus Capital, the US-based private equity firm, is the major investor of Seibu.
Cerberus acquired Bushmaster in 2006 and later merged it with other gun companies to create Freedom Group, which reported net sales of $677.
Ownership was able to provide Cerberus Capital Management with 20 percent more space at 875 Third Avenue than its previous location.
Chatham Lodging Trust (NYSE:CLDT), a US-based real estate investment trust that invests in hotel assets, has announced a joint venture formed with Cerberus Capital Management, LP, a US-based private equity company.
No further talks between Cerberus, the owner of Chrysler, and the alliance of France's Renault SA and Japan's Nissan Motor Co.
General Motors Corporation (GM) (NYSE: GM), the world's largest automaker, is planning to acquire Chrysler LLC (Chrysler), a company acquired by Cerberus Capital Management (Cerberus).