Cerberus Capital Management Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Cerberus Capital Management has acquired 10 companies. It has also invested in 3 others.

Cerberus Capital Management’s most common sectors for investment arefinancial services (11%) and business services (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (30%) and secondary buyout (18%). In total, Cerberus Capital Management has invested in 24 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired Albertsons Companies for $17.4B.

In the last 3 years, Cerberus Capital Management has exited 5 companies. The Firm’s most common exit type is trade sale (49%). Cerberus Capital Management’s largest (disclosed) exit occurred in 2010 when it sold TD Auto Finance for $6.3B.

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M&A Summary

  • M&A Total Activity142
    • M&A Buy Activity88
    • M&A Sell Activity54
  • Total Sectors Invested 38
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 53
  • M&A Advisors 30

Cerberus Capital Management

875 Third Avenue ,
New York, New York 10022
United States
(212) 891-2100
www.cerberuscapital.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Communications, Consumer Products, Consumer Services, Defense, Distribution, Electrical Equipment, Financial Services, Forest Products, Healthcare Services, Information Technology, Insurance, Leisure, Life Science, Machinery, Manufacturing, Media, Medical Products, Packaging, Real Estate, Restaurants, Retail, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Recapitalization, Special Situations/Distressed, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Western Europe, Eastern Europe, Nordic, Asia/Pacific, Middle East

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.4/yr) # 71 4 7 1 1 4 88
vol $31.5B $295M $1.1B $32.9B
Sell (2.0/yr) # 44 5 3 - 1 1 54
vol $11.6B $380M $1.5B $13.5B
  142

Most Recent M&A

Company Date Value Type
Landmark Structures 2024-12-19 - Secondary Buyout
Fort Worth, Texas · www.teamlandmark.com
Vivace International Corp. 2024-08-06 - Growth Capital
San Antonio, Texas · www.vivace.com
North Wind USA, Inc. 2024-05-30 - Divestiture
St. Paul, Minnesota · www.north-wind.com
M1 Support Services L.P 2024-05-28 - Buyout (LBO, MBO, MBI)
Denton, Texas · www.m1services.com
SubCom, LLC 2024-02-27 - Trade Sale
Eatontown, New Jersey · www.subcom.com
Spring EQ 2023-08-31 - Buyout (LBO, MBO, MBI)
Conshohocken, Pennsylvania · www.springeq.com
Worldwide Flight Services, Inc. 2023-04-03 1.5B EUR Trade Sale
Roissy, France · www.wfs.aero
Torngat Metals Ltd. 2022-11-09 - Growth Capital
Montréal, Quebec · www.torngatmetals.com
Helix Sleep, Inc. 2021-09-13 - Buyout (LBO, MBO, MBI)
New York, New York · www.helixsleep.com
Brooklyn Bedding 2021-09-13 - Buyout (LBO, MBO, MBI)
Phoenix, Arizona · www.brooklynbedding.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
PQ Corp. 2021-03-01 Sibelco's Specialty Silicate Business 2024-12-02 1
Malvern, Pennsylvania · www.pqcorp.com Lödöse, Belgium
The Imagine Group, LLC. 2021-01-26 Meyers - Temporary Display and Signage Business 2024-08-14 1
Minneapolis, Minnesota · www.theimaginegroup.com Minneapolis, Minnesota
Source Code Corp. 2021-08-02 Boston Ltd. 2023-06-26 1
Milford, Massachusetts · www.sourcecode.com Hertfordshire, United Kingdom · www.boston.co.uk
School Specialty LLC 2020-09-15 EPS School Specialty 2023-03-02 1
Greenville, Wisconsin · www.schoolspecialty.com Nashua, New Hampshire · eps.schoolspecialty.com
School Specialty LLC 2020-09-15 SchoolKidz, Inc. 2022-11-02 2
Greenville, Wisconsin · www.schoolspecialty.com Woodridge, Illinois · www.schoolkidz.com
National Dentex Corp. 2020-10-27 Sentage Corp. 2021-04-01 6
Natick, Massachusetts · www.nationaldentex.com St. Petersburg, Florida · www.dentalservices.net
Kellermeyer Bergensons Services LLC 2019-10-22 Hospitality Staffing Solutions LLC 2020-01-13 7
Maumee, Ohio · www.kbs-clean.com Atlanta, Georgia · www.hssstaffing.com

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 5 (14%) - 9 (10%) 620M (2%)
Retail 2 (6%) 250M (18%) 7 (8%) 19.3B (59%)
Business Services 3 (8%) - 7 (8%) 1.8B (5%)
Automotive - - 5 (6%) 7.4B (23%)
Real Estate 2 (6%) - 5 (6%) 1.0B (3%)
Leisure 3 (8%) 45M (3%) 5 (6%) 447M (1%)
Information Technology 4 (11%) - 4 (5%) -
Aerospace 2 (6%) - 3 (3%) -
Apparel/Textiles 1 (3%) - 3 (3%) -
Consumer Products 2 (6%) - 3 (3%) -
Life Science - - 3 (3%) -
Chemicals 2 (6%) 1.1B (79%) 2 (2%) 1.1B (3%)
Defense 1 (3%) - 2 (2%) 370M (1%)
Energy Services and Equipment - - 2 (2%) -
Healthcare Services 1 (3%) - 2 (2%) -
Manufacturing - - 2 (2%) -
Media - - 2 (2%) -
Software - - 2 (2%) -
Transportation - - 1 (1%) 500M (2%)
Communications - - 1 (1%) 325M (1%)
Airlines - - 1 (1%) -
Construction 1 (3%) - 1 (1%) -
Consumer Services 1 (3%) - 1 (1%) -
Distribution - - 1 (1%) -
E-Commerce 1 (3%) - 1 (1%) -
Electrical Equipment 1 (3%) - 1 (1%) -
Electronics 1 (3%) - 1 (1%) -
Environmental - - 1 (1%) -
Forest Products - - 1 (1%) -
Gaming - - 1 (1%) -
Insurance - - 1 (1%) -
Metals/Mining 1 (3%) - 1 (1%) -
Packaging 1 (3%) - 1 (1%) -
Publishing - - 1 (1%) -
Renewable Energy - - 1 (1%) -
Restaurants - - 1 (1%) -
Staffing - - 1 (1%) -
Technology Hardware 1 (3%) - 1 (1%) -
Total 36 $1.4B 88 $32.9B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 30 (83%) 1.4B (100%) 64 (73%) 32.3B (98%)
  Florida 3 (8%) - 6 (7%) 1.0B (3%)
  Texas 3 (8%) - 6 (7%) 94M (< 1%)
  California 2 (6%) 45M (3%) 5 (6%) 1.7B (5%)
  Michigan 1 (3%) - 5 (6%) 7.4B (23%)
  Georgia 1 (3%) - 5 (6%) -
  Pennsylvania 3 (8%) 1.1B (79%) 4 (5%) 1.1B (3%)
  Minnesota 3 (8%) 250M (18%) 4 (5%) 870M (3%)
  New York 1 (3%) - 4 (5%) 500M (2%)
  North Carolina 1 (3%) - 4 (5%) 370M (1%)
  Virginia - - 3 (3%) 1.5B (5%)
  Massachusetts 2 (6%) - 2 (2%) -
  Indiana 2 (6%) - 2 (2%) -
  Arizona 2 (6%) - 2 (2%) -
  Ohio 1 (3%) - 2 (2%) -
  Wisconsin 1 (3%) - 1 (1%) -
  New Hampshire 1 (3%) - 1 (1%) -
  Nevada 1 (3%) - 1 (1%) -
  Missouri 1 (3%) - 1 (1%) -
  Illinois 1 (3%) - 1 (1%) -
  Idaho - - 1 (1%) 17.4B (53%)
  New Jersey - - 1 (1%) 325M (1%)
  North Dakota - - 1 (1%) -
  Connecticut - - 1 (1%) -
  Alabama - - 1 (1%) -
United Kingdom - - 6 (7%) 578M (2%)
Spain 2 (6%) - 3 (3%) -
Australia 2 (6%) - 2 (2%) -
Canada 1 (3%) - 2 (2%) -
  Quebec 1 (3%) - 1 (1%) -
  Ontario - - 1 (1%) -
Ireland - - 2 (2%) -
Japan - - 2 (2%) -
Netherlands - - 2 (2%) -
Italy 1 (3%) - 1 (1%) -
France - - 1 (1%) -
Germany - - 1 (1%) -
Austria - - 1 (1%) -
Bermuda - - 1 (1%) -
Domestic 30 (83%) 1.4B (100%) 64 (73%) 32.3B (98%)
Cross-border 6 (17%) - 24 (27%) 578M (2%)
Total 36 $1.4B 88 $32.9B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 10 (28%) - 26 (30%) 1.1B (3%)
Secondary Buyout 9 (25%) - 15 (17%) 1.9B (6%)
Divestiture 8 (22%) 1.1B (79%) 14 (16%) 10.8B (33%)
Special Situations/Distressed 4 (11%) 295M (21%) 13 (15%) 1.6B (5%)
Stake Purchase 1 (3%) - 8 (9%) -
Growth Capital 3 (8%) - 5 (6%) -
Going Private - - 3 (3%) 17.5B (53%)
Consolidation - - 1 (1%) -
PIPE - - 1 (1%) -
Recapitalization 1 (3%) - 1 (1%) -
Venture - - 1 (1%) -
Total 36 $1.4B 88 $32.9B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 16 (30%) 13.1B (97%)
Trade Sale 11 (20%) 380M (3%)
IPO 9 (17%) -
Secondary Sale 7 (13%) -
Bankruptcy 6 (11%) -
Sold to Management 2 (4%) 1M (< 1%)
Divestiture 1 (2%) -
Merger 1 (2%) -
Stake Sale 1 (2%) -
Total 54 $13.5B

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
 4
Houlihan Lokey
 2
Sapient Corporate Finance
 2
Legal Deals
Schulte Roth & Zabel
 5
Kirkland & Ellis
 5
Dechert
 4

Deal Values

buy # Total
> $1B 6 $30.1B
$100M to $1B 7 $2.6B
< $100M 2 $139M
TOTAL $32.9B
Largest Albertsons Companies, Inc.
$17.4B (2006-01-23)
sell # Total
> $1B 3 $10.9B
$100M to $1B 7 $2.4B
< $100M 4 $208M
TOTAL $13.5B
Largest TD Auto Finance LLC
$6.3B (2010-12-21)

M&A Connections

Deals
Acquired from
Investor(s)
19%
17 (19%)
Strategic(s)
17%
15 (17%)
Exited to
Investor(s)
13%
7 (13%)
Strategic(s)
52%
28 (52%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

55.0B USD

Established

1992

Specialist/Generalist

Generalist

Leadership

John Snow

Chairman

William Richter

Co-founder

Stephen Feinberg

Co-Founder & CEO, CIO

Andrew Kandel

CCO, Senior Legal Officer & Senior Managing Director

Daniel Wolf

CEO, Cerberus Business Finance, & Senior Managing Director,

FAQ

When was Cerberus Capital Management founded?

Cerberus Capital Management was founded in 1992.

What type of investor is Cerberus Capital Management?

Cerberus Capital Management is an asset manager.

Where is Cerberus Capital Management headquartered?

Cerberus Capital Management is headquartered in New York, New York.

How much capital does Cerberus Capital Management have under management?

Cerberus Capital Management has 55.0B USD under management.

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