Cerberus Capital
Headquarters:
299 Park Avenue
New York, NY 10171
Phone: 212-891-2100
Employees: 500+
CEO: Steve Feinberg
Privately held
Website:
http://www.cerberuscapital.com
Cerberus Capital Management, L.P. is one
of the world's leading private investment firms. Cerberus specializes
in providing both financial resources and operational expertise
to help transform undervalued companies into industry leaders
for long-term success and value creation.
Former U.S. Treasury Secretary John Snow
is Chairman of Cerberus and took the post in June 2006. Former
Vice President Dan Quayle is also employed with the firm.
In May, the firm made global news with
the announcement it would acquire 80% of the Chrysler Group automotive
division from Germany's DaimlerChrysler for $7.4 billion. Chrysler
was purchased by Daimler-Benz in 1998 for $37.5 billion. Robert
Nardelli, former CEO of Home Depot, was named the new CEO of
Chrysler LLC in August.
Cerberus is headquartered in New York City
with affiliate and/or advisory offices in Atlanta, Chicago, Los
Angeles, London, Baarn, Frankfurt, Tokyo, Osaka and Taipei. Cerberus
was founded in 1992.
Cerberus holds controlling or significant
minority interests in companies around the world. In aggregate,
these companies currently generate over $60 billion in annual
revenues.
Cerberus investments include ACE Aviation
Holdings, Aegis Mortgage, Bank Leumi, GMAC Financial Services,
Green Tree, Mervyn's, Spyglass Entertainment, Tandem Staffing
Solutions and Vanguard Car Rental Holdings.
The firm is named after the mythical three-headed
dog in Greek mythology that guards the gates of hell.
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