M&A Deal Summary

Cerberus Capital Management and Apollo Global Management Acquire Albertsons

On January 23, 2006, asset managers Cerberus Capital Management and Apollo Global Management acquired retailer Albertsons for 17.4B USD

Acquisition Highlights
  • This is Cerberus Capital Management’s 2nd and Apollo Global Management’s 2nd transaction in the Retail sector.
  • This is Cerberus Capital Management’s and Apollo Global Management’s 2nd largest (disclosed) transaction.
  • This is Cerberus Capital Management’s 10th and Apollo Global Management’s 8th transaction in the United States.
  • This is Cerberus Capital Management’s 1st and Apollo Global Management’s 1st transaction in Idaho.
Investment Fate
  • Albertsons went public in 2020.
  • Albertsons was sold to a strategic buyer in 2022 for 24.6B USD.

M&A Deal Summary
Date 2006-01-23
Target Albertsons
Sector Retail
Buyer(s) Cerberus Capital Management
Apollo Global Management
Deal Type Going Private
Deal Value 17.4B USD
Advisor(s) Goldman Sachs
Blackstone Advisory Partners (Financial)
Jones Day (Legal)

Target

Albertsons

Boise, Idaho, United States
website
Albertsons is a food and drug retailer. Albertsons operates under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated. Albertsons was formed in 1939 and is based in Boise, Idaho.

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Buyer(S) 2

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 13 of 84
Sector (Retail) 2 of 7
Type (Going Private) 1 of 3
State (Idaho) 1 of 1
Country (United States) 10 of 60
Year (2006) 1 of 7
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-27 Talecris Biotherapeutics Holdings Corp

Research Triangle Park, North Carolina, United States

Talecris Biotherapeutics Holdings Corp. is a pharmaceutical Development and Manufacturing company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Ally

Detroit, Michigan, United States

Ally is an automotive financial services company. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally was incorporated 1919 and is headquartered in Detroit, Michigan.

Buy -
Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 9 of 133
Sector (Retail) 2 of 8
Type (Going Private) 1 of 29
State (Idaho) 1 of 1
Country (United States) 8 of 97
Year (2006) 1 of 4
Size (of disclosed) 2 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Tyco s A&E Products Group

Schaffhausen, Switzerland

Tyco's A&E Products Group, a leading global producer of garment hangers. Tyco's A&E Products Group is based in Schaffhausen, Switzerland.

Buy $975M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Linens ‘N’ Things

Sacramento, California, United States

Linens ‘N Things is a retailer and brand of home goods and furnishings.

Buy $1.3B
Mergr

Product

Company

Legal