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Stock impact report

Buyout firm Cerberus to buy SGI for foothold in frontier markets [Reuters]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: Reuters
Buyout firm Cerberus to buy SGI for foothold in frontier markets | Reuters 3 Min Read NEW YORK, Nov 1 (Reuters) - Private equity firm Cerberus Capital Management LP said on Thursday it has agreed to buy SGI Frontier Capital Pte Ltd, giving it a foothold to invest in frontier markets in Asia and Africa. Singapore-based SGI, which does not disclose its assets under management, invests in countries such as Ethiopia, Georgia, and Mongolia. These are considered earlier in their economic development than emerging markets like China and India. Cerberus’ new frontier markets platform will be run by SGI Founding Partner Gabriel Schulze and SGI Managing Partner Alexander Benard, and will initially invest out of SGI’s existing assets and Cerberus’ funds. “The main attraction of the deal was the people. Gabriel knew Steve, our Co-CEO,” Cerberus Chief Operating Officer Mark Neporent said in a telephone interview. “We felt there was a tremendous intellectual and cultural fit. Our philosophy is if y Show less Read more
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