Cerberus Capital Management Company Description
Named after the mythical three-headed dog that guards the gates of hell, Cerberus Capital Management is a driving force among private equity firms. Among its more notable recent moves was the purchase of 80% of Chrysler from Daimler in 2007. Cerberus was also the lead investor of a group that acquired 51% of GMAC, the financing arm of General Motors. Additionally, the firm owns bus manufacturer Blue Bird and car parts maker TA Delaware. Although the company has made headlines with its automotive investments (and that industry's financial woes), Cerberus hasn't been solely concerned with cars and trucks: Automobile interests actually account for less than 10% of the firm's assets under management.
View the Comprehensive Company Description for Cerberus Capital Management
The Company Description provides a historical perspective of Cerberus Capital Management's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Cerberus Capital Management's evolution in the marketplace.
