Author Topic: Cerberus - Multi-headed beast  (Read 3077 times)

Badgersmilk

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Cerberus - Multi-headed beast
« on: March 11, 2009, 07:46:55 AM »
I'm trying to think of any US gun manufactures NOT owned by them...  Henry, Ruger?

They do such a good job keeping everything they buy up quite, does anybody know the full list of what they now own?

Pathfinder

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Re: Cerberus - Multi-headed beast
« Reply #1 on: March 11, 2009, 08:09:47 AM »
Can't believe I'm quoting Wiki, but it's a start: http://en.wikipedia.org/wiki/Cerberus_Capital_Management

Chrysler

GMAC - 51 percent

Notable acquisitions

* Pharmaceuticals - In December 2004, the company announced the acquisition of Bayer's plasma products business and renamed it Talecris Biotherapeutics.

* Paper products - The company acquired MeadWestvaco's paper business for $2.3B in 2005 and renamed it NewPage Corporation. Cerberus also purchased, from Georgia Pacific Corporation, its Distribution Division/Building Products and all of its associated real estate. It renamed this new company BlueLinx Holdings, based in Atlanta.

    * Government Services (Military, Energy, and Food & Drug) - owns IAP Worldwide Services, which bought Johnson Controls' World Services division in February 2005, and Netco Government Services.

    * Real Estate - Through investment affiliate Cerberus Real Estate, the company has been making direct equity, mezzanine, first mortgage, distressed and special situation investments in all asset types. It also controls Miami Beach.-based LNR Property, a large real estate development and investment firm through subsidiary Riley Property. Cerberus also controls Kyo-ya, a Japan based group of entities that owns several Starwood managed assets in California, Hawaii and Florida.

    * Retail - Cerberus purchased 655 of the 2,500 Albertson's, Inc., grocery stores, forming Albertsons LLC of Boise, Idaho, in June 2006. They also owned now bankrupt Mervyn's department stores, which was acquired from Target Corp. In June 2007, Cerberus acquired Torex Retail Plc., a retail solutions provider in troubled waters, for approximately 400 million US dollars.[14]

    * Transportation - Acquired bankrupt ANC Rental, then owner of the National and Alamo car rental chains, for $230 million in October 2003 and purchased DaimlerChrysler's 45% share of debis AerFinance, an aircraft leasing business, in May 2005. Complete acquisition of debis AirFinance (later renamed AerCap) was concluded in July 2005. Also acquired North American Bus Industries, Optima Bus Corporation, and Blue Bird Corp. in the bus manufacturing sector. Cerberus also owns bus companies Coach America and American Coach Lines, which were acquired from Stagecoach Group.

    * Automotive - Peguform, GDX Automotive, and Chrysler.

    * Financial Services - General Motors sold a 51% stake in its GMAC finance unit to an investor group led by Cerberus Capital Management in November 2006. GM expected to receive $14 billion over the next three years from the sale of General Motors Acceptance Corp. In December 2006, Cerberus acquired the Austrian bank BAWAG P.S.K. for a reported EUR3.2 billion. In August 2007, Cerberus announced that it was closing one of their mortgage companies, Aegis Mortgage. It owns half of a 9.9 % share (5%) with the Gabriel Group in Bank Leumi.[15]

    * Firearms - Acquired Bushmaster Firearms, Inc., from Windham, Maine native Dick Dyke for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007. Under Cerberus direction, Bushmaster Firearms acquired Cobb Manufacturing, a well-respected manufacturer of large-caliber tactical rifles in August 2007. Cerberus also acquired DPMS Panther Arms December 14th 2007.[16][17] Remington Arms acquired Marlin Firearms in January 2008.[18][19]
    * Entertainment - Acquired a group of seven television stations, Four Points Media Group, from CBS Corporation in 2007.[20][21]

    * Other holdings of the investment group include Formica, Inc., and the Aozora Bank in Japan; and cable operator Galaxy Cable.

    * In 2007 Cerberus took over Corvest a promotional products company based out of Largo, FL with arms based in Simi Vally, Ca & Thorfare, NJ.
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Michael Bane

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Re: Cerberus - Multi-headed beast
« Reply #2 on: March 11, 2009, 10:23:56 AM »
Despite rumors I heard, Cerberus did not buy S&W!

mb
Michael Bane, Majordomo @ MichaelBane.TV

elnor

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Re: Cerberus - Multi-headed beast
« Reply #3 on: March 11, 2009, 12:10:00 PM »
I wonder what their ROI has been so far on their various firearms industry purchases?  Given the boom in that area while everything else is going bust, it might just be that firearms are their cash cow.
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tombogan03884

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Re: Cerberus - Multi-headed beast
« Reply #4 on: March 11, 2009, 04:35:14 PM »
 All of you people Worried about "Cerberus" being the "guard dog of Hades" need to remember that your basically Christian concepts don't have anything to do with it. Hades was the "Underworld" of Greek mythology where ALL the dead went ,regardless of their conduct in life, and pretty much just continued their earthly pursuits until they "faded" from memory.
http://en.wikipedia.org/wiki/Cerberus
http://www.cerberuscapital.com/
http://en.wikipedia.org/wiki/Cerberus_Capital_Management

I checked WIKIPEDIA, founder 47 year old Steve Feinberg, Princeton , Capt of tennis team, ROTC, Few friends"Very Private person, Started with Drexel Burnham Republican, Hunter, Chairman is John W. Snow George W.'s second treasury secretary, Former VP Dan Quayle runs one of its international investment units. Feinberg has said he regrets the name but it seemed like a good Idea at the time (that statement is usually the kiss of death for my bright ideas) seems to own half the free world , MCI, 51% of GMAC, Parent co. of air Canada, Long list, half a billion here half a billion there, The firearms investments are coming from his couch cushions.Lives on Manhattens Upper east side , drives a pickup truck ,never gives interviews, Just a regular guy with a wife a 3 daughters who deals in hundreds of millions of dollars. Donald Rumsfeld is a client, Check out the company websight at cerberuscapital.com. This guy could Bixxh slap Bloomberg. No word on goals or objectives beyond making money though. The facts he lives like a regular wage slave and is a hunter are promising though, maybe he just wants to shoot some AR's

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Re: Cerberus - Multi-headed beast
« Reply #5 on: Today at 11:10:51 PM »

Neon Knight Anubis

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Re: Cerberus - Multi-headed beast
« Reply #5 on: March 12, 2009, 09:04:16 AM »
Despite rumors I heard, Cerberus did not buy S&W!

mb
They probably should, gets rid of that blasted lock.
We'll know for the first time
If we're evil or divine
We're the last in line

tombogan03884

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Re: Cerberus - Multi-headed beast
« Reply #6 on: March 12, 2009, 11:54:59 AM »
They probably should, gets rid of that blasted lock.

Not while T/C is sucking the profit out of the stock.  :(

 

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