In 2006 and 2007, Cerberus could not get enough of Chrysler. The New York-based buyout firm first bough GMAC, the finance arm of the automaker, now called Ally Bank, for roughly $7.4 billion. Cerberus then bought an 80% stake in automaker Chrysler from Daimler (DDAIF) in 2007 for an additional $7.4 billion, after German owners could not turn the struggling automaker around.
9 Biggest Deals Left From the Buyout Boom
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