X-Nico

5 unusual facts about Cerberus Capital Management


Daimler-Benz

When the Chrysler Group was subsequently sold off to Cerberus Capital Management and renamed Chrysler LLC in August 2007, the name of the parent company was changed to simply Daimler AG within two months.

Kobalt Tools 400

After Daimler sold Chrysler to Cerberus Capital Management, the race became known as the UAW-Dodge 400 for 2008.

Netco Government Services

NET, was founded in 2000 in Minnesota and was substantially taken over by a $100 million investment in 2001 by Cerberus Capital Management.

Seibu Railway

Cerberus Capital Management, an American investment fund, became the largest shareholder in Seibu Holdings with a 29.9% share of the new company.

United Rentals

On July 23, 2007 United Rentals announced a definitive agreement to sell the company to Cerberus Capital Management in a transaction valued at approximately $6.6 billion, including the assumption of approximately $2.6 billion in debt obligations.


Stephen Siegel

Throughout his career, he has arranged transactions for some of the US's most prominent corporate clients including J.P. Morgan Chase & Co., Sidley Austin Brown & Wood LLP, Fried, Frank, Harris, Shriver & Jacobson LLP, Amerada Hess Corp., Sanford C. Bernstein & Co., Swiss Reinsurance, MetLife, Cerberus Capital Management and Akin, Gump, Strauss, Hauer & Feld LLP.


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