Cerberus Capital Management has acquired controlling ownership of Denton-based M1 Support Services, a federal contractor that specializes in aviation support and handles millions of dollars in contracts with federal agencies and the U.S. military.
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Vedanta parent Vedanta Resources, as a part of the plan, was looking to pledge 13 per cent of its stake in India-listed Vedanta Ltd to secure a $1.25 billion financing package from a cluster of lenders.
As part of the plan, Vedanta Resources is to pledge 13% of its stake in Vedanta Ltd (VDL) to secure a $1.25 billion financing package from a group of lenders led by Standard Chartered Bank and New York-based Cerberus Capital Management to help avert a default on $1 billion of bonds that are due in January, according to people familiar with the matter.