Centerbridge Partners, L.P. is a global alternative investment manager focusing on private equity, private credit, and real estate. While not exclusively dedicated to the space industry, they invest in companies with exposure to it; for example, they acquired Precinmac, a manufacturer of precision components used in aerospace, defense, and space applications. The firm manages approximately $38-$41 billion in capital and partners with management teams across various sectors and geographies.
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Speedcast exited bankruptcy on 2021-03-11 after a restructuring deal involving Centerbridge Partners wiped out all $700,000,000 of Speedcast’s debt.
Centerbridge Partners made a $500,000,000 equity investment in Speedcast.
Centerbridge Partners manages about $28,000,000,000 of assets.
Centerbridge Partners invested $500,000,000 into Speedcast as part of a deal that wiped out Speedcast's debt.
Centerbridge Partners completed necessary regulatory and administrative requirements to take ownership of Speedcast.
Speedcast International Ltd. will emerge from Chapter 11 bankruptcy by 2021-03-31 under new owner Centerbridge Partners.
Centerbridge Partners is making an additional investment of $500,000,000 in Speedcast under the terms of the reorganization plan announced 2021-01-25.
On 2020-08-13, private investment management firm Centerbridge Partners of New York and London offered $395,000,000 to obtain 100% of Speedcast's equity in the reorganized company.