Named after the mythical three-headed dog that guards the gates of hell, Cerberus Capital Management has been a driving force in private equity. One of its most notable moves was its 2007 purchase of 80% of Chrysler from Daimler (a stake that has since been eradicated). Cerberus was also the lead investor of a group that acquired 51% of GMAC (now Ally Financial), the financing arm of General Motors. Additionally, the firm owns bus maker Blue Bird and Tower Automotive. Although the firm made headlines with its automotive investments (and that industry's financial woes), Cerberus isn't solely concerned with cars and trucks: Automobile interests actually account for less than 10% of its assets under management.
In January 2013, it announced a deal to acquire 877 stores in the Albertson's, Acme, Jewel-Osco, Shaw's, and Star Market chains from SuperValu for $100 million and acquisition of $3.2 billion on SuperValu debt..
March 2014 - Supervalu said it has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium for $3.3 billion. The terms include $100 million in cash and the assumption of $3.2 billion in debt. As part of the transaction, Symphony Investors, an investor group led by Cerberus, also took a 21.2% stake in Supervalu
Vietnam's shrimp exports reached over 686 million USD in Q1/2024 Viet Nam
In March 2024, shrimp exports reached nearly 272 million USD, up 3% over the same period last year. Although the growth rate is still modest, this shows that purchasing power from the markets is recov...
Spanish Fishing Consortia Impact Artisanal Fishing in Central America Nicaragua
The following is an excerpt from an article published by IPS-Inter Press Service:
Spanish transnational fishing companies, especially in Nicaragua, El Salvador and Guatemala, have aimed to exploit ec...
The Norwegian Pelagic Fishing Course in Week 17 Norway
Good week for blue whiting in the Faroese zone, but still poor for the sandeel
Blue whiting:
Last week, 19,499 tonnes of coal mullet were registered from 19 different boats. The fishing has ...
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