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Sushil Cheema

Cerberus Capital Management has agreed to buy Novi, Michigan-based Tower Automotive, which will file for Chapter 11 bankruptcy with the Southern District of New York next month.
Unitus Equity Fund has decided to set aside 10 percent of its profits to help the world’s poor gain access to microfinance.
The California-based firm’s investment has followed the first close of its first discretionary institutional buyout fund, Fairmont Capital Private Equity LP.
The publicly traded merchant bank has committed $30m to Stroz Friedberg, which will use the money for employee incentives and to expand its geographic reach.
Joshua Gotbaum will join the upstart New York-based firm as an operating partner and will also become its chief restructuring officer.
Along with members of the company’s management team, the two firms have agreed to buy Nasdaq-traded Educate in a deal worth $545m. It is Citigroup’s and Sterling’s second education-related deal announced today.
In recent days, the investment bank has announced three successive strategic investments alterative investment platforms, including a hedge fund, fund of hedge funds and a distressed investment firm, in an ongoing bid to bolster its alternative investment business.
The New York private equity firm has teamed with Los Angeles hedge fund Canyon Capital to acquire Logan’s Roadhouse for $486m.
The private equity firm and the merchant bank have teamed up for a second time for this $56.2m effort.

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