Cerberus Capital was said to be less interested in rebuilding the auto manufacturer as a long-term investment, rather it was focused on turning a short-term profit though a leveraged buyout.
BCE, the parent of Bell Canada, the largest communications company in Canada, said that a group led by Cerberus Capital had joined the bidding for the company.
The Refco deal followed a hotly contested auction with Cerberus Capital, the private equity group, and boosted Man Financial's scale in retail and institutional business.
In March 2005, debis AirFinance was acquired by Cerberus Capital and subsequently renamed AerCap.
On June 2, 2006, a partnership of SuperValu, CVS Corporation and several investment firms including Cerberus Capital acquired Albertsons with the intent to divvy up the parts.
Sale to CSC, IPO, and purchase by Cerberus Capital (2003-present)
Cerberus Capital and Kimco Realty plan to buy its underperforming businesses and either sell them and their real estate or try to institute a turnaround plan, depending on the store.
CVS, Cerberus Capital and Kimco Realty are planning to contribute slightly more than $20 in cash, while Supervalu is expected to pay the rest in its stock.
Cerberus Capital purchased Focus DIY for £1 in June 2007 and appointed Bill Grimsey, formerly CEO of Wickes, as CEO.
On Thursday 5 May 2011, it was announced that owners Cerberus Capital had placed Focus into administration after failed attempts to find a rescue deal.