While the merger of Chrysler and Daimler-Benz was a bust, and scores of senior managers lost their careers, many of the middlemen who advised the hitch are back on the scene. Among those companies advising Cerberus, many were also involved in Chrysler's previous failed merger: J.P. Morgan Chase, Goldman Sachs and Citigroup, to name a few. In particular, Goldman banker Alexander Dibelius helped earn his firm some $60 million for advice on the Daimler marriage. This time Mr. Dibelius is working the other side of the aisle--for Cerberus. Banks stand to reap even more earnings on the current deal, thanks to the significant leverage in this transaction.
Source: Wall Street Journal
