Cerberus Capital Management has acquired a 57% stake in Italian credit management specialist Officine CST from the company's founder and CEO, Gianpiero Oddone, and several minority shareholders.
LPs including Servier, BPI France and Idinvest commit to the biotech- and heath-focused fund
Managing director Thomas Hübner will also invest in the newco for a minority stake
Company's board and management team will stay on with the business following the deal
In his new role, Daneshpay will provide operational support to the firm’s UK portfolio companies