Investment Summary

Cerberus Capital Management Invests In United Rentals

On July 23, 2007, asset manager Cerberus Capital Management invested in business services company United Rentals

Investment Highlights
  • This is Cerberus Capital Management’s 2nd transaction in the Business Services sector.
  • This is Cerberus Capital Management’s 18th transaction in the United States.
  • This is Cerberus Capital Management’s 1st transaction in Connecticut.

Investment Summary

Date 2007-07-23
Target United Rentals
Sector Business Services
Investor(s) Cerberus Capital Management
Deal Type Stake Purchase
Advisor(s) UBS Investment Bank (Financial)
Simpson Thacher & Bartlett (Legal)

Target

United Rentals

Stamford, Connecticut, United States
United Rentals location in Hermantown, Minnesota.
United Rentals location in Hermantown, Minnesota.
United Rentals is an equipment rental company, with an integrated network of rental locations in the US and Canada. The company serves construction and industrial customers, utilities, municipalities, homeowners and others. United Rentals was founded in 1997 and is based in Stamford, Connecticut.

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Investor(S) 1

Investor

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


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 25 of 93
Sector: Business Services M&A 2 of 8
Type: Stake Purchase M&A Deals 6 of 8
State: Connecticut M&A 1 of 1
Country: United States M&A 18 of 68
Year: 2007 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Focus DIY

Barking, United Kingdom

Focus DIY is one of the leading do-it-yourself and gardening retailers in the UK. Operating over 250 stores, Focus offers a broad range of own brand and branded home and garden decorative products as well as power tools, building materials, plants and lawnmowers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Advantage Resourcing America

Tokyo, Japan

Advantage is a member of a family of Staffing companies owned by parent Recruit Holdings Co., Ltd., based in Tokyo Japan. Advantage has offices in the U.S., Canada, UK and Sydney Australia. The Advantage service delivery model is “local market focus”, meaning that Advantage learns client requirements for primary skill sets in every local market we serve.

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