Private Equity Shopping Won't Stop at Safeway
Interest rates remain low and the private equity giant Cerberus and its peers have plenty of cash for additional deals now that they have recovered from the financial crisis.
Don't expect Cerberus to stop shopping now that it's purchased Safeway for $9.4 billion, says James Tierney, Head of Concentrated U.S. Growth at AllianceBernstein. Interest rates remain low and the private equity giant and its peers have plenty of cash for additional deals now that they have recovered from the financial crisis. Tierney says it's hard for individual investors to pick the next takeout candidate, however, he believes that the industrial sector looks ripe with targets.
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