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August 03, 2015 7:58 PM 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: 48
Director of Capital Markets
Executive in Residence
Age: 69
Compensation as of Fiscal Year 2015.

Sycamore Partners Key Developments

Belk Attracts Bid

Reuters reports that Belk Inc. (OTCBB:BLKI.B) is the target of a more than $3 billion bid from private equity firm Sycamore Partners.

Sycamore Partners Reportedly Mulls Acquisition Of Stakes In Belk

Sycamore Partners reportedly is seeking acquisition of stakes in Belk Inc. (OTCBB:BLKI.B). Sycamore Partners is preparing an offer for Belk Inc. that could value the U.S. department store chain at between $3 billion and $3.5 billion, including debt, and become the buyout firm's largest deal, people familiar with the matter said on July 2, 2015. Sycamore Partners is in the process of finalizing financing arrangements for a potential acquisition of Belk, the people said. The family that owns Belk is expected to make a decision on whether to sell the company this month, the people added. Private equity firms TPG Capital, L.P., KKR & Co. L.P. (NYSE:KKR), Bain Capital, LLC and Golden Gate Capital considered offers for Belk earlier, according to the people. The sources asked not to be identified because the sale process is confidential. Sycamore, Belk, TPG, KKR, Bain and Golden Gate declined to comment. In the fiscal year that ended January 31 2015, Belk generated revenue of $4.1 billion.

Paul Fossati Joins Sycamore Partners as Managing Director

Sycamore Partners announced that Paul Fossati has joined the firm as a Managing Director. In this role, Mr. Fossati will serve as Director of Capital Markets and will be responsible for all financings for new investments and for the firm's portfolio companies. He will also be responsible for managing the firm's relationships with financing sources. Mr. Fossati was previously a Managing Director at Morgan Stanley in its Leveraged & Acquisition Finance Group, where he was head of both the consumer-retail and financial sponsor verticals.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 29, 2015
Dollar Tree, Inc., 330 Stores
Merger/Acquisition
May 29, 2015
Family Dollar Stores Inc., 330 Family Dollar Stores
Merger/Acquisition
November 7, 2014
Mast Industries Inc.
 

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