Centerbridge Partners investor group has emerged as a third financial investor to show interest in acquiring Chrysler.
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Its representatives visited Chrysler’s headquarters at Auburn Hills with Blackstone, according to a report in the Detroit News.
Cerberus Capital Management has also been named as a potential buyer in the press.
Centerbridge and Blackstone reportedly spent two full days on Wednesday and Thursday at the offices.
Centerbridge is not as large or well-known as Blackstone or Cerberus, and was only founded last year. The firm’s automotive expert is Stephen Girsky, the former senior auto analyst with Morgan Stanley who spent 10 months as a special adviser to General Motors chairman and CEO Rick Wagoner before leaving GM in June 2006.
Representatives from Cerberus met earlier in the week with LaSorda and other Chrysler executives.
Officials from Canadian supplier Magna International were expected to visit Chrysler on Friday (9 March).
The sale process is being handled by DaimlerChrysler’s investment banker, JP Morgan Chase.
