Cerberus

After five years under Cerberus Capital Management‘s control, automotive part manufacturer ABC Technologies goes public. Following the offering, Cerberus should retain ~76% of the company. ABC is a pioneer in molding technologies especially in the auto industry. [more]

Amid a global pandemic and economic uncertainty, Cerberus sells its stake at $16/share, below the original estimated price range of $18 to $20. Albertsons is the second-largest supermarket operator in the U.S. with over 2,200 stores in 34 states. [more]