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 as Chairman of Cerberus Global Investments.
Cerberus has more than US $20 billion under management invested in four primary strategies: distressed securities & assets; control and non-control private equity; commercial mid-market lending and real estate-related investments.
In January, the firm made news with the announcement it would acquire from Supervalu the Albertsons, Acme, Jewel-Osco, Shaw's and Star Market grocery stores and related Osco and Sav-on in-store pharmacies for $3.3 billion. The deal includes assumption of $3.2 billion in debt and includes 877 stores.
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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