September 26, 2016 1:24 AM ET

Capital Markets

Company Overview of Sycamore Partners

Company Overview

Sycamore Partners is a private equity firm specializing in buyouts of small to middle market companies. It focuses on consumer, retail, and fashion sector investments. Sycamore Partners was founded in 2011 and is based in New York, New York.

9 West 57 Street

31st Floor

New York, NY 10019

United States

Founded in 2011

Phone:

212-796-8500

Key Executives for Sycamore Partners

Managing Partner, Managing Director and Co-Founder
Managing Partner, Managing Director, and Co-Founder
Age: 49
Director of Capital Markets and Managing Director
Executive in Residence
Age: 70
Compensation as of Fiscal Year 2016.

Sycamore Partners Key Developments

Investors Reportedly Eyes To Acquire Aéropostale

Aéropostale, Inc. (OTCPK:AROP.Q) received bids this week for its business from Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Versa Capital Management, Inc. did not submit a bid for the business, the people said. Versa had been preparing a stalking horse offer for Aeropostale as a going concern business, and the retailer had received court approval to pay some of the expenses incurred by Versa in putting together the proposal. A U.S. bankruptcy court judge issued a decision siding with Sycamore in its fight with Aeropostale, who accused the firm of conducting a "loan to own" scheme and pushing the retailer into bankruptcy. Bids for the company were due on Thursday, and an auction is scheduled to be held on August 29, 2016. It is unclear what Sycamore's plans are for the business, should it win the auction. Aeropostale also received bids for some of its leases and its GoJane.com business, a shoe and apparel shopping site, said one of the people.

Cinven Fashions Reportedly Lead In Race For Kurt Geiger

Cinven Limited reportedly seeks acquisition of stakes in Kurt Geiger Ltd. Sky News understands that Cinven has emerged as the frontrunner to acquire Kurt Geiger in a deal worth about £250 million. Cinven is said to have edged ahead of rival bidders including Lion Capital LLP although sources said on November 13, 2015, evening that a deal was not yet close to being signed. Kurt Geiger's management team and its backers at Sycamore Partners hired bankers at The Goldman Sachs Group, Inc. (NYSE:GS) in early 2015 to explore a sale of part or all of the business. Cinven and Kurt Geiger both declined to comment.

Chico's Said To Weigh Sale

Chico's FAS Inc. (NYSE:CHS) is weighing a sale of the company after being approached by private-equity buyers including Sycamore Partners, according to people familiar with the matter. The company is working with investment bank Peter J. Solomon to explore its options, said the people, who asked not to be identified because the information is private. A deal between Chico’s and Sycamore fell through in February 2015 after disagreements over financing, the people said. Sycamore has made an offer and is lining up financing while talks continue with other potential bidders, one of the people said. There is no guarantee of a deal, with a decision probably weeks away, another person said. Representatives of Chico’s, Sycamore and Peter J. Solomon declined to comment.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 14, 2015
Kurt Geiger Ltd
 

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