M&A Deal Summary |
|
|---|---|
| Date | 2007-05-14 |
| Target | Chrysler Group |
| Sector | Automotive |
| Buyer(s) | Cerberus Capital Management |
| Sellers(s) | Daimler |
| Deal Type | Divestiture |
| Deal Value | 7.4B USD |
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| Category | Asset Manager |
|---|---|
| Founded | 1992 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 22 of 84 |
| Sector (Automotive) | 4 of 5 |
| Type (Divestiture) | 3 of 13 |
| State (Michigan) | 4 of 5 |
| Country (United States) | 17 of 60 |
| Year (2007) | 3 of 6 |
| Size (of disclosed) | 2 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-04-05 |
Remington
Madison, North Carolina, United States Remington designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the US' oldest operating manufacturer. |
Buy | $370M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-20 |
Torex Retail Holdings
Dunstable, United Kingdom Torex provides software, hardware and services that power many of the retailing operations including Tesco, Selfridges and Argos among a client list that features over 6000 customers. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1886 |
| Sector | Automotive |
| Employees | 289,643 |
| Revenue | 50.9B EUR (2022) |
Daimler with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a global producer of premium passenger cars and heavy- and medium-duty trucks and buses. Daimler was founded in 1886 and is based in Stuttgart, Germany.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 7 |
| Sector (Automotive) | 2 of 3 |
| Type (Divestiture) | 4 of 5 |
| State (Michigan) | 2 of 2 |
| Country (United States) | 2 of 3 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-03-01 |
Rolls-Royce Power Systems AG
Friedrichshafen, Germany Rolls-Royce Power Systems AG is a supplier of off-highway diesel engines and complete drive systems for ships, heavy land and rail vehicles, industrial applications and decentralized power generation plants. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-05-19 |
Tesla
Palo Alto, California, United States Tesla designs, manufactures and sells electric cars, batteries, and solar related equipment and systems to consumers, businesses, and municipalities. Tesla was formed in 2003 and is based in Palo Alto, California. |
Buy | - |
