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Did cerberus (then private equity firm) lose all their $7.4 bil they paid for chrysler?

Question: Did cerberus (then private equity firm) lose all their $7.4 bil they paid for chrysler?

(Posted by: SK on 2009-07-09 15:56:00)

Answers:

Posted by: chuckles951 on 2009-07-10, 21:07:36

No. They lost the money of the bondholders to whom they sold bonds to finance the buyout of Chrysler. The people at Cerberus will have made out fine through management fees and are likely planning their next buyout.

  

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