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Cerberus Capital Management

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Cerberus Capital Management, L. P. is a privately owned investment firm based in New York, NY. Founded in 1992, Cerberus invests primarily in companies which are near bankruptcy. Described as a private hedge fund, it claims to manage $16 billion.

Its holdings include MeadWestvaco's paper business (acquired in May 2005), Formica Corp., Netco Government Services, LNR Property Corp. of Miami Beach, FL, and ANC Rental, Corp. (owner of the National and Alamo car-rental chains. ) Cerberus agreed to purchase 655 of the 2500 grocery stores from Albertsons of Boise, ID in January of 2006.

The group is headed by Steve Feinberg and its executives include former Vice President Dan Quayle.

References

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