Cerberus Partners acquires non-performing loan portfolio from Bayerische Landesbank
Clients Cerberus Partners L.P.
Jones Day advised Cerberus Partners L.P. in its acquisition of a non-performing loan portfolio from Bayerische Landesbank. The portfolio consists of non-performing and sub-performing loans to various small-cap and mid-cap borrowers. Approximately 80% of the loans are secured by real estate, and the remainder by other corporate assets.