trending Market Intelligence /marketintelligence/en/news-insights/trending/itws6r4rcjvfvufywbjbvg2 content esgSubNav
In This List

Cerberus buying majority stake in Officine CST

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Cerberus buying majority stake in Officine CST

New York-based alternative investor Cerberus Capital Management LP and its affiliates agreed to acquire a 57% share of Officine CST SpA.

Officine, a provider of credit management services to banks, institutional investors, utilities, and multinational companies, manages over €16 billion in claims and employs 150 people in Italy.

Cerberus is acquiring the stake from founder and CEO Gianpiero Oddone and other shareholders. Oddone will continue as CEO and retains a 28% stake in Officine. Roberto Nicastro, senior adviser to Cerberus, will become Officine's nonexecutive chairman.

Vitale & Co. served as financial adviser and Lombardi Segni e Associati served as legal adviser to Cerberus. GOP served as legal adviser to Officine.