M&A Deal Summary |
|
|---|---|
| Date | 2017-06-28 |
| Target | Staples |
| Sector | Retail |
| Buyer(s) |
Sycamore Partners
HarbourVest Partners |
| Deal Type | Going Private |
| Deal Value | 6.9B USD |
| Advisor(s) | Barclays Investment Bank Morgan Stanley (Financial) Wilmer Cutler Pickering Hale and Dorr LLP (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Focused |
Sycamore Partners is an opportunistic and operationally focused private equity firm that targets businesses and divisions in the consumer and retail sectors. The Firm looks to partner with management teams to improve the operating profitability and strategic value of their businesses. Sycamore was formed in 2011 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 23 |
| Sector (Retail) | 7 of 9 |
| Type (Going Private) | 3 of 4 |
| State (Massachusetts) | 2 of 2 |
| Country (United States) | 12 of 19 |
| Year (2017) | 3 of 3 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-28 |
Dollar Express
Chesapeake, Virginia, United States Dollar Express is a discount general merchandise retailer currently operating over 300 stores across the US. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-06 |
Nine West Holdings
White Plains, New York, United States Nine West Holdings is a women’s footwear and denim business with a portfolio of brands that includes Nine West, Easy Spirit, Anne Klein, Gloria Vanderbilt, and l.e.i. The company is a wholesale partner to major U.S. retailers, operates over 250 branded concept stores, and has international licensing relationships with over 1,200 points of sale abroad. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 159 of 221 |
| Sector (Retail) | 5 of 5 |
| Type (Going Private) | 21 of 27 |
| State (Massachusetts) | 8 of 9 |
| Country (United States) | 96 of 131 |
| Year (2017) | 7 of 14 |
| Size (of disclosed) | 9 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-06-20 |
Investment Metrics
Norwalk, Connecticut, United States Investment Metrics is a provider of investment performance analytics and reporting solutions for institutional consultants, asset managers, and private wealth advisors. Built by institutional investment consultants for investment professionals, the company’s solutions include PARis (performance analytics and reporting), InvestWorks (manager search and due diligence), EQuest (manager data portal), peer universe data, outsourced reporting services and InterSec Research for market intelligence. The company's solutions enable investment professionals to analyze, measure, and report client portfolios in a highly insightful, accurate, and efficient manner. Investment Metrics was formed in 2010 and is based in Norwalk, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-18 |
Lightower Fiber Networks
Boxborough, Massachusetts, United States Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services. |
Sell | $7.1B |
