Cerberus reportedly seeking financing for Supervalu deal
New York -- Multiple reports on Monday suggested that private equity firm Cerberus Capital Management, which owns Albertsons LLC, may be putting together a deal to buy all or part of the grocery chain.
Cerberus is said to be seeking $4 billion to $5 billion in debt financing from banks to back a bid and is looking at investing $800 to $900 in equity in its takeover quest, a person familiar with the matter is reported to have said. That same source cautioned that the figures could change.
Supervalu put itself up for sale in July. Cerberus has been generating its own headlines of late, especially for its backing of Best Buy founder Richard Schulze in his attempt to acquire his old company.