Does Cerberus own Albertsons?

Cerberus Capital Management, L.P. is an American private equity firm, specializing in “distressed investing”. The firm is headquartered in New York City, and run by Stephen Feinberg, who co-founded Cerberus in 1992 with William L. Richter.

The firm has more than $40 billion under management in funds. Cerberus has invested in many companies through acquisitions and leveraged buyouts.

In January 2015, it was announced that Cerberus had agreed to purchase the Safeway grocery store chain for $9.4 billion. The deal was completed in March 2015.

Cerberus also owns Albertsons, another grocery store chain. It is not clear how much Cerberus paid for Albertsons, as the deal was done through a private equity fund.

Conclusion:

It is not entirely clear if Cerberus owns Albertsons. However, it is known that the company does own Safeway, another grocery store chain. Therefore, it is likely that Cerberus also owns Albertsons.

Total
0
Shares
Previous Article

Does Lowe's sell Romex by the foot?

Next Article

How do I get Instacart batches faster?

Related Posts