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Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, 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.
Owner. Cerberus Capital Management. Number of employees. >3,000. Website. www.remingtonoutdoorcompany.com. Remington Outdoor Company (ROC), formerly known as the Freedom Group, was an American firearms manufacturer and holding company. The company had notable brands under its umbrella, such as Bushmaster, DPMS, Remington and Marlin.
In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt. It became part of Cerberus' Freedom Group. Remington was millions of dollars in debt and did not report a profit from 2003 to 2005. [18] In 2015, the Freedom Group was renamed Remington Outdoor Company.
On Tuesday, private equity firm Cerberus Capital Management announced that in response to the shootings at Sandy Hook Elementary School in Newtown, Conn., it intends to divest itself from its ...
Freedom Group was a consortium of firearms manufacturers and was part of Cerberus Capital Management, a New York private equity investment firm. Cerberus combined DPMS with Bushmaster Firearms International, Remington Arms and Cobb Manufacturing to form the Freedom Group. [2] Remington was the company's immediate corporate parent.
In December 2012, Cerberus Capital Management announced its intention to sell Bushmaster's successor company, Freedom Group. [9] In a press release, Cerberus stated that they would "retain a financial advisor to design and execute a process to sell [their] interests in Freedom Group" (Freedom merged with the former Bushmaster company). [10]
Tier 1 Group is owned and funded by Cerberus Capital Management which also owns Remington Arms, Bushmaster Firearms International, LLC, Inc., and DPMS Panther Arms among other companies. Tier 1 Group was formed sometime around 2005.
The transaction is a big win for Talecris' private-equity sponsor, Cerberus Capital Management, which owns 49% of the company. Overall, Cerberus expects to net a more than $2 billion profit from ...