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.
