Cerberus Capital Management acquired SGI Frontier Capital.

Global leader in alternative investing announced the strategic acquisition of SGI Frontier Capital, a leading private equity firm focused on frontier markets in Asia and Africa. Since its founding over ten years ago, SGI has completed more than 30 transactions and currently manages a diversified portfolio of investments in a variety of key sectors, including consumer goods, clean energy, real estate, healthcare, and building materials. Financial terms were not disclosed. "The rapid growth in frontier-market countries can offer attractive opportunities to investors with the right experience and on-the-ground presence. SGI is an established leader with a proven track record in some of the world's fastest growing economies. We look forward to partnering with their talented team and advancing Cerberus' investment activities in emerging and frontier markets." Steve Feinberg, Cerberus co-Founder and co-Chief Executive Officer.