Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, grocery stores, paramilitary groups, and real estate strategies.

[2][3] The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992, with William L. Richter, who serves as a senior managing director.

Activities performed by members of COAC in the area of control private equity investments, include due diligence, acquisition planning, board membership, special project staffing and, where appropriate, occupying interim or full-time open positions.

The Portuguese company TAP Portugal was bought by a consortium that included David Neeleman (Founder of Azul Linhas Aéreas Brasileiras, JetBlue Airways and WestJet) and Humberto Pedrosa.

In May 2012, Cerberus sold its holdings in Torex Retail Holdings, Ltd., a Dunstable, England-based provider of information technology systems for the retail, fuel and convenience stores and pub markets in the United Kingdom and Continental Europe that was acquired in June 2007, to MICROS Systems, Inc.[56] In January 2013, it announced a deal to acquire 877 stores in the Albertson's, Acme, Shaw's and Star Market chains from SuperValu for $100 million and acquisition of $3.2 billion on SuperValu debt.

[37] In February 2014, it was reported that Safeway Inc was in advanced talks with private equity firm Cerberus Capital Management LP over a leveraged buyout deal.

[57] After integrating the Safeway purchase, on October 14, 2022 Kroger announced it would be acquiring Albertsons for $25 billion, combining the largest and second-largest supermarket chains in North America.

In 2007, Cerberus and about 100 other investors purchased an 80% stake in Chrysler for $7.4 billion[61] seeking to bolster the auto maker's performance by operating as an independent company.

[62] In response to questioning at a hearing before the House committee on December 5, 2008 by Rep. Ginny Brown-Waite, Chrysler President and CEO Robert Nardelli said that Cerberus' fiduciary obligations to its other investors and investments prohibited it from injecting capital.

[62] "In order to achieve that goal Cerberus has advised the U.S. Treasury that it would contribute its equity in Chrysler automotive to labor and creditors as currency to facilitate the accommodations necessary to affect the restructuring.

In exchange for obtaining that loan, it promised many concessions including surrendering equity, foregoing profits, and giving up board seats.

US Treasury and the Obama administration recognized the "sacrifices by key stakeholders" in an effort to give Chrysler the "opportunity to thrive as a long-term viable 21st century company".

[74] In December 2008, Cerberus subsequently informed GMAC's bondholders that the financial services company may have to file for bankruptcy if a bond-exchange plan is not approved.

[75] Five days earlier, the Federal Reserve granted GMAC bank holding company status, so it could get access to the bailout money.

[78] The Federal Deposit Insurance Corporation (FDIC) gave GMAC access to the Temporary Liquidity Guarantee Program that allows companies to borrow money at lower interest rates.

The U.S. Government also waived a rule that would restrict the amount of loans that GMAC could make to Chrysler's customers and dealers because both firms are owned in part by Cerberus Capital Management.

It owned half of a 9.9% share (5%) with the Gabriel Group in Bank Leumi, purchased in 2005,[80] but as of April 19, 2009, it was decided to sell in order to boost capital.

Cerberus made plans to sell its share in the Remington Outdoor Company on December 18, 2012, after the Bushmaster AR-15 was used in the Sandy Hook Elementary School shooting.

In March 2014, Cerberus rejected a $1 billion buyout offer for Remington Outdoor Company [89] and thereafter was unable to find a satisfactory buyer.

After the credit markets began to tighten in August, Cerberus decided not to make the acquisition, agreeing to pay United Rentals a $100 million "reverse termination fee" that the parties had negotiated and included in their agreement.