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Cerberus Goes Where No Firm Has Gone Before

In the last year, private equity firms have broken the mold over and over again. They have bought technology and finance companies, previously thought unsuitable for buyouts. The deals have gotten bigger; the financing more creative.
But with an agreement to take control of Chrysler, private equity is venturing into virtually uncharted territory, according to The New York Times.
While private equity firms have bought troubled industrial companies in the past and dealt with unionized work forces, no one has tried to grapple with a company with the problems the size of Chrysler’s and with a union as powerful as the United Automobile Workers.

Posted by   at 10:12 AM to Analysis , Companies | Permalink

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