In the wake of the shooting deaths of 26 peopleincluding 20 childrenin Connecticut last week, private equity giant Cerberus Capital Management has announced that it plans to sell its portfolio company Freedom Group, a leading gun manufacturer.
Several factors reportedly contributed to Cerberus’s decision to proceed with a sale of Freedom Group, a Madison, North Carolinabased holding company created in 2007 as the $20 billion private equity firm began snapping up gun industry brands such as Bushmaster and Remington.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
