Deals
Sycamore Wagers $6.9 Billion That Staples Can Thrive Again
- Transaction would be biggest yet for the private equity firm
- Staples attempting to re-emerge as seller of business services
What to Watch in the Staples-Sycamore Partners Deal
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Sycamore Partners, the private equity firm that still has faith in retail, is making its biggest bet yet.
On Wednesday, it agreed to acquire Staples Inc. for about $6.9 billion in one of the largest retail deals of the year, a wager that the office-supply chain can re-emerge as a modern seller of business services.