Cerberus Closes $2.3 Billion Continuation Vehicle for SubCom
Cerberus Capital Management has closed a $2.3 billion continuation vehicle for SubCom, a leading subsea communications infrastructure provider. The investment, led by CVC Secondary Partners, supports SubCom's expansion and reinforces Cerberus' controlling stake in the company. SubCom plays a critical role in global data traffic and is positioned to benefit from growing demand in cloud computing and AI.
Topics: Cerberus Capital Management funding infrastructure investment Subsea Communications