Divestiture • Retail

Cerberus Capital Management Acquires Staples Solutions

On December 7, 2016, asset manager Cerberus Capital Management acquired retailer Staples Solutions from Staples

Acquisition Context
  • This is Cerberus Capital Management’s 5th transaction in the Retail sector.
  • This is Cerberus Capital Management’s 1st transaction in the Netherlands.
Investment Fate
  • Staples Solutions was divested to a financial buyer in 2021.

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M&A Deal Summary

Date December 7, 2016
Target Staples Solutions
Sector Retail
Buyer(s) Cerberus Capital Management
Sellers(s) Staples
Deal Type Divestiture

Target Company

Staples Solutions

Amsterdam, Netherlands
Staples Solutions is a provider of workplace products, services, and solutions to small, mid-sized, and large businesses in Europe. Through our integrated offering, Staples Solutions is the partner of choice to meet the diverse needs of the workplace of today and tomorrow.
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Buyer Overview 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


Deal Context for Buyer #
Overall 50 of 93
Sector: Retail 5 of 7
Type: Divestiture 5 of 14
Country: Netherlands 1 of 1
Year: 2016 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Gala Coral Group

Essex, United Kingdom

Gala Coral Group Ltd. is a fast growing UK retail gaming company, Gala operates successfully in the UK bingo casino, licensed betting offices and multimedia gaming markets. It is by some margin the largest bingo operator in the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Garden Fresh

San Diego, California, United States

Garden Fresh offers a broad variety of fresh food alternatives in an all-you-care-to-eat format. Each day begins fresh at the more than 100 company-owned restaurants in 11 states. More than 300 million guests since 1978 have helped us be number one in fresh produce and salads, made-from-scratch soups, hot pastas, freshly baked breads and muffins, fresh fruit, desserts, and more. Guests have the freedom to create their own wholesome meal in a one-of-a-kind dining experience in a friendly atmosphere and all at an everyday value.

Buy -

Seller Profile 1

SELLER

Staples

Framingham, Massachusetts, United States

Category Company
Founded 1985
Sector Retail
Employees42,554
Revenue 18.2B USD (2017)
DESCRIPTION
Entrance to Staples' corporate headquarters in Framingham, Massachusetts.
Entrance to Staples' corporate headquarters in Framingham, Massachusetts.

Staples is an office supply retailer. Staples sells and distributes a variety of office products for consumers as well as small to large companies around the world. Staples was founded in 1985 and is based in Framingham, Massachusetts.


Deal Context for Seller #
Overall 6 of 10
Sector: Retail 3 of 4
Type: Divestiture 6 of 10
Country: Netherlands 2 of 2
Year: 2016 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Staples UK

High Wycombe, United Kingdom

Staples UK Ltd. is a provider of office supplies through stores and online. Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services, and easy ways to shop – in stores, online, via mobile, or through social apps. Staples UK is based in High Wycombe, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Winc

Mascot, Australia

Winc is a distributor of business products and services in Australia. The Company serves a diverse customer base: corporate customers including small, medium, and enterprise businesses; government customers including federal, state and territory governmental organizations in Australia; plus various education related customers. Winc is based in Mascot, New South Wales.

Sell -

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