In 2015, Albertsons was bought out by a private equity firm. The buyers were a consortium of investors, led by Cerberus Capital Management.
Albertsons is one of the largest grocery store chains in the United States. The company operates 2,200 stores across the country. In 2015, it had annual sales of $58 billion.
The buyout of Albertsons was one of the largest private equity deals in history. The deal valued the company at $24 billion. The consortium of investors paid $3 billion in cash and took on $21 billion in debt to finance the deal.
The buyout of Albertsons was led by Cerberus Capital Management, a private equity firm based in New York. Cerberus is one of the largest private equity firms in the world. It has more than $25 billion in assets under management.
Other members of the consortium include Kimco Realty, Schottenstein Stores, and GB Merchant Partners. Kimco is a real estate investment trust that owns and operates shopping centers across the United States.
Schottenstein Stores is a privately held company that owns and operates retail businesses, including DSW and American Eagle Outfitters. GB Merchant Partners is a private equity firm based in Boston.
The buyout of Albertsons by a consortium of investors was one of the largest private equity deals in history. The consortium of investors was led by Cerberus Capital Management, a private equity firm based in New York.
