Cerberus Capital Management
Cerberus Capital Management, L.P. is an American private equity firm. The firm is based in New York City, and run by financier Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who currently serves as a senior managing director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia.
Cerberus has more than US$20 billion under management in funds and accounts. The company is a U.S. Securities and Exchange Commission Registered Investment Advisor. Investors include prominent government and private sector pension and retirement funds, charitable foundations, university endowments, insurance companies, family savings and sovereign wealth funds.
The firm's headquarters are located at 875 Third Avenue in New York City.
Read more about Cerberus Capital Management: History, Areas of Focus, Cerberus Operations and Advisory Company LLC (COAC), Transactions and Initiatives, Additional Notable Transactions — By Sector, Broken Deal For United Rentals
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... However, venture capital funds, which were responsible for much of the fundraising volume in 2000 (the height of the dot-com bubble), raised only $25.1 billion in 2006, a 2% percent ... Osco pharmacies and a distribution center, and a group including Cerberus Capital Management and the Kimco Realty Corporation acquired some 655 underperforming grocery stores and a number of ... by the Blackstone Group and including the Carlyle Group, Permira and the TPG Capital completed the $17.6 billion takeover of the semiconductor company ...
... in DaimlerChrysler's agreement to sell the unit to Cerberus Capital Management in May 2007 for US$6 billion. 3, 2007, DaimlerChrysler completed the sale of Chrysler Group to Cerberus Capital Management ... The original agreement stated that Cerberus would take an 80.1 percent stake in the new company, Chrysler Holding LLC ...
... In the summer of 2007, Cerberus agreed to buy United Rentals, the world's largest equipment rental company that was traded on the NYSE ... After the credit markets began to tighten in August, Cerberus decided not to move forward with the acquisition and agreed to pay United Rentals the $100 ... a court mandate that Cerberus complete the deal) ...
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