Content about Cerberus

February 27, 2014

Deutsche Bank on Thursday speculated that either Cerberus or Kroger could acquire Safeway.

NEW YORK — Deutsche Bank on Thursday speculated that either Cerberus or Kroger could acquire Safeway. 

The firm noted that divestitures in a Kroger acquisition would exceed those in a Cerberus buyout.  

A Bloomberg report published last week suggested Cerberus was the lead bidder for Safeway's operations. 

February 18, 2014

Credit Suisse on Tuesday speculated that Safeway may be considering either a sale or acquisition.

NEW YORK — Credit Suisse on Tuesday speculated that Safeway may be considering either a sale or acquisition. 

June 27, 2013

The Wall Street Journal on Wednesday reported that Cerberus Capital Management has made a bid for Harris Teeter Supermarkets.

NEW YORK — The Wall Street Journal on Wednesday reported that Cerberus Capital Management has made a bid for Harris Teeter Supermarkets. Citing a person familiar with the matter, the Journal reported Cerberus is considering keeping part of the grocery operator a public company. 

The market capitalization is about $2.3 billion, according to the Journal

May 28, 2013

Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.

NEW YORK — Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.

A person familiar with the matter told the WSJ that Cerberus sees adding stores as a way to trim costs through additional scale while creating turnaround opportunities.

October 23, 2012

Cerberus Capital Management, which owns Albertsons LLC, may be looking to reunite the stores as it has reportedly emerged as a possible suitor to acquire all or part of Supervalu, according to published reports.

NEW YORK — Cerberus Capital Management, which owns Albertsons LLC, may be looking to reunite the stores as it has reportedly emerged as a possible suitor to acquire all or part of Supervalu, according to published reports. 

Cerberus is reportedly seeking $4 billion to $5 billion in debt financing from banks and is looking at investing equity of $800 million to $900 million, a person familiar with the matter reportedly said, although the source cautioned that the figures could change, according to reports.