Sycamore Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Sycamore Partners has acquired 8 companies.

Sycamore Partners’ most common sectors for investment areretail (35%) and apparel/textiles (27%) . The Firm’s most common investment types include divestiture (31%) and buyout (lbo, mbo, mbi) (20%). In total, Sycamore Partners has invested in 14 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Staples for $6.9B.

In the last 3 years, Sycamore Partners has exited 2 companies. The Firm’s most common exit type is trade sale (30%). Sycamore Partners’ largest (disclosed) exit occurred in 2015 when it sold Stuart Weitzman Holdings for $530M.

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M&A Summary

M&A Total Activity36
- M&A Buy Activity26
- M&A Sell Activity10
Total Sectors Invested 12
Total Countries Invested 4
M&A Buy/Sell Connections 13
M&A Advisors 13

Sycamore Partners

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	-	-
Enterprise Value	-	-

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

Enterprise Value

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.8/yr)	#	17	1	3	2	2	1	26
vol	$14.2B		$201M	$400M	$1.0B		$15.8B
Sell (0.6/yr)	#	7	1	1	-	1	-	10
vol	$530M						$530M
	36

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.8/yr)

vol

$14.2B

$201M

$400M

$1.0B

$15.8B

Sell (0.6/yr)

vol

$530M

Company	Date	Value	Type
Playa Bowls LLC	2024-09-03	-	Secondary Buyout
Belmar, New Jersey · www.playabowls.com
Chico's FAS, Inc.	2023-09-28	1.0B USD	Going Private
Fort Myers, Florida · www.chicosfas.com
NBG Home	2023-02-08	-	Bankruptcy
Austin, Texas · www.nbg-home.com
RONA, Inc.	2023-02-03	-	Divestiture
Boucherville, Quebec · www.ronainc.ca
Lowe's Companies, Inc. - Canadian Retail Business	2022-11-03	400M USD	Divestiture
Boucherville, Quebec
Goddard Systems, Inc.	2022-06-30	-	Secondary Buyout
King Of Prussia, Pennsylvania · www.goddardschool.com
Digital Room, Inc.	2021-12-21	-	Secondary Buyout
Sherman Oaks, California · www.digitalroom.com
Ste. Michelle Wine Estates Ltd.	2021-10-01	-	Buyout (LBO, MBO, MBI)
Woodinville, Washington · www.smwe.com
Torrid Holdings, Inc.	2021-07-01	-	IPO
City of Industry, California · www.torrid.com
Azamara	2021-01-19	201M USD	Divestiture
Miami, Florida · www.azamara.com
View All >>

Company

Date

Value

Type

Playa Bowls LLC

2024-09-03

Secondary Buyout

Belmar, New Jersey · www.playabowls.com

Chico's FAS, Inc.

2023-09-28

1.0B USD

Going Private

Fort Myers, Florida · www.chicosfas.com

NBG Home

2023-02-08

Bankruptcy

Austin, Texas · www.nbg-home.com

RONA, Inc.

2023-02-03

Divestiture

Boucherville, Quebec · www.ronainc.ca

Lowe's Companies, Inc. - Canadian Retail Business

2022-11-03

400M USD

Divestiture

Boucherville, Quebec

Goddard Systems, Inc.

2022-06-30

Secondary Buyout

King Of Prussia, Pennsylvania · www.goddardschool.com

Digital Room, Inc.

2021-12-21

Secondary Buyout

Sherman Oaks, California · www.digitalroom.com

Ste. Michelle Wine Estates Ltd.

2021-10-01

Buyout (LBO, MBO, MBI)

Woodinville, Washington · www.smwe.com

Torrid Holdings, Inc.

2021-07-01

IPO

City of Industry, California · www.torrid.com

Azamara

2021-01-19

201M USD

Divestiture

Miami, Florida · www.azamara.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
Staples, Inc.	2017-06-28	DEX Imaging, Inc.	2024-04-23	2
Framingham, Massachusetts · www.staples.com	Tampa, Florida · www.deximaging.com
Pure Fishing, Inc.	2018-11-07	Svendsen Sport A/S	2022-02-22	1
Columbia, South Carolina · www.purefishing.com	Gadstrup, Denmark · www.svendsen-sport.dk
Pure Fishing, Inc.	2018-11-07	Plano Synergy	2021-04-20	1
Columbia, South Carolina · www.purefishing.com	Grand Prairie, Texas · www.planosynergy.com
Essendant, Inc.	2019-01-31	ORS MEDCO	2019-10-17	1
Deerfield, Illinois · www.essendant.com	Deerfield, Illinois
Staples, Inc.	2017-06-28	Essendant, Inc.	2019-01-31	1
Framingham, Massachusetts · www.staples.com	Deerfield, Illinois · www.essendant.com
Hot Topic, Inc.	2013-06-12	Her Universe	2016-10-28	1
City of Industry, California · www.hottopic.com	, United States · www.heruniverse.com

Company

Acquired

Add-On/Sale

Date

Staples, Inc.

2017-06-28

DEX Imaging, Inc.

2024-04-23

Framingham, Massachusetts · www.staples.com

Tampa, Florida · www.deximaging.com

Pure Fishing, Inc.

2018-11-07

Svendsen Sport A/S

2022-02-22

Columbia, South Carolina · www.purefishing.com

Gadstrup, Denmark · www.svendsen-sport.dk

Pure Fishing, Inc.

2018-11-07

Plano Synergy

2021-04-20

Columbia, South Carolina · www.purefishing.com

Grand Prairie, Texas · www.planosynergy.com

Essendant, Inc.

2019-01-31

ORS MEDCO

2019-10-17

Deerfield, Illinois · www.essendant.com

Deerfield, Illinois

Staples, Inc.

2017-06-28

Essendant, Inc.

2019-01-31

Framingham, Massachusetts · www.staples.com

Deerfield, Illinois · www.essendant.com

Hot Topic, Inc.

2013-06-12

Her Universe

2016-10-28

City of Industry, California · www.hottopic.com

, United States · www.heruniverse.com

Sector	Current #	Value	All-time #	Value
Retail	7 (39%)	11.3B (83%)	9 (35%)	11.3B (71%)
Apparel/Textiles	3 (17%)	1.0B (7%)	7 (27%)	3.2B (20%)
Software	1 (6%)	1.1B (8%)	1 (4%)	1.1B (7%)
Leisure	1 (6%)	201M (1%)	1 (4%)	201M (1%)
Beverages	1 (6%)	-	1 (4%)	-
Business Services	1 (6%)	-	1 (4%)	-
Consumer Products	1 (6%)	-	1 (4%)	-
Distribution	1 (6%)	-	1 (4%)	-
Education	1 (6%)	-	1 (4%)	-
Franchising	1 (6%)	-	1 (4%)	-
Furniture	-	-	1 (4%)	-
Internet Software and Services	-	-	1 (4%)	-
Total	18	$13.6B	26	$15.8B

Sector

Current #

Value

All-time #

Value

Retail

7 (39%)

11.3B (83%)

9 (35%)

11.3B (71%)

Apparel/Textiles

3 (17%)

1.0B (7%)

7 (27%)

3.2B (20%)

Software

1 (6%)

1.1B (8%)

1 (4%)

1.1B (7%)

Leisure

1 (6%)

201M (1%)

1 (4%)

201M (1%)

Beverages

1 (6%)

1 (4%)

Business Services

1 (6%)

1 (4%)

Consumer Products

1 (6%)

1 (4%)

Distribution

1 (6%)

1 (4%)

Education

1 (6%)

1 (4%)

Franchising

1 (6%)

1 (4%)

Furniture

1 (4%)

Internet Software and Services

1 (4%)

Total

$13.6B

$15.8B

State/Country	Current #	Value	All-time #	Value
United States	16 (89%)	13.2B (97%)	22 (85%)	15.4B (97%)
	Ohio	2 (11%)	-	3 (12%)	-
	New York	-	-	3 (12%)	2.2B (14%)
	Massachusetts	2 (11%)	7.3B (54%)	2 (8%)	7.3B (46%)
	Florida	2 (11%)	1.2B (9%)	2 (8%)	1.2B (8%)
	California	2 (11%)	600M (4%)	2 (8%)	600M (4%)
	New Jersey	2 (11%)	-	2 (8%)	-
	North Carolina	1 (6%)	3.0B (22%)	1 (4%)	3.0B (19%)
	Georgia	1 (6%)	1.1B (8%)	1 (4%)	1.1B (7%)
	Washington	1 (6%)	-	1 (4%)	-
	South Carolina	1 (6%)	-	1 (4%)	-
	Pennsylvania	1 (6%)	-	1 (4%)	-
	Illinois	1 (6%)	-	1 (4%)	-
	Virginia	-	-	1 (4%)	-
	Texas	-	-	1 (4%)	-
Canada	2 (11%)	400M (3%)	2 (8%)	400M (3%)
	Quebec	2 (11%)	400M (3%)	2 (8%)	400M (3%)
United Kingdom	-	-	1 (4%)	-
Germany	-	-	1 (4%)	-
Domestic	16 (89%)	13.2B (97%)	22 (85%)	15.4B (97%)
Cross-border	2 (11%)	400M (3%)	4 (15%)	400M (3%)
Total	18	$13.6B	26	$15.8B

State/Country

Current #

Value

All-time #

Value

United States

16 (89%)

13.2B (97%)

22 (85%)

15.4B (97%)

Ohio

2 (11%)

3 (12%)

New York

3 (12%)

2.2B (14%)

Massachusetts

2 (11%)

7.3B (54%)

2 (8%)

7.3B (46%)

Florida

2 (11%)

1.2B (9%)

2 (8%)

1.2B (8%)

California

2 (11%)

600M (4%)

2 (8%)

600M (4%)

New Jersey

2 (11%)

2 (8%)

North Carolina

1 (6%)

3.0B (22%)

1 (4%)

3.0B (19%)

Georgia

1 (6%)

1.1B (8%)

1 (4%)

1.1B (7%)

Washington

1 (6%)

1 (4%)

South Carolina

1 (6%)

1 (4%)

Pennsylvania

1 (6%)

1 (4%)

Illinois

1 (6%)

1 (4%)

Virginia

1 (4%)

Texas

1 (4%)

Canada

2 (11%)

400M (3%)

2 (8%)

400M (3%)

Quebec

2 (11%)

400M (3%)

2 (8%)

400M (3%)

United Kingdom

1 (4%)

Germany

1 (4%)

Domestic

16 (89%)

13.2B (97%)

22 (85%)

15.4B (97%)

Cross-border

2 (11%)

400M (3%)

4 (15%)

400M (3%)

Total

$13.6B

$15.8B

Type	Current #	Value	All-time #	Value
Divestiture	6 (33%)	601M (4%)	8 (31%)	601M (4%)
Going Private	4 (22%)	9.6B (71%)	5 (19%)	11.8B (75%)
Buyout (LBO, MBO, MBI)	3 (17%)	3.4B (25%)	5 (19%)	3.4B (21%)
Secondary Buyout	3 (17%)	-	4 (15%)	-
Special Situations/Distressed	1 (6%)	-	2 (8%)	-
PIPE	-	-	1 (4%)	-
Stake Purchase	1 (6%)	-	1 (4%)	-
Total	18	$13.6B	26	$15.8B

Type

Current #

Value

All-time #

Value

Divestiture

6 (33%)

601M (4%)

8 (31%)

601M (4%)

Going Private

4 (22%)

9.6B (71%)

5 (19%)

11.8B (75%)

Buyout (LBO, MBO, MBI)

3 (17%)

3.4B (25%)

5 (19%)

3.4B (21%)

Secondary Buyout

3 (17%)

4 (15%)

Special Situations/Distressed

1 (6%)

2 (8%)

PIPE

1 (4%)

Stake Purchase

1 (6%)

1 (4%)

Total

$13.6B

$15.8B

Type	Total #	Value
Trade Sale - Public Company	2 (20%)	530M (100%)
Bankruptcy	2 (20%)	-
Secondary Sale	2 (20%)	-
Trade Sale	2 (20%)	-
IPO	1 (10%)	-
Shut Down	1 (10%)	-
Total	10	$530M

Type

Total #

Value

Trade Sale - Public Company

2 (20%)

530M (100%)

Bankruptcy

2 (20%)

Secondary Sale

2 (20%)

Trade Sale

2 (20%)

IPO

1 (10%)

Shut Down

1 (10%)

Total

$530M

Financial	Deals
BofA Securities	5
Guggenheim Securities	1
Citigroup Investment Banking	1

Financial

Deals

BofA Securities

Guggenheim Securities

Citigroup Investment Banking

Legal	Deals
Kirkland & Ellis	10
Winston & Strawn	3
Ropes & Gray	1

Legal

Deals

Kirkland & Ellis

Winston & Strawn

Ropes & Gray

buy	#	Total
> $1B	5	$14.2B
$100M to $1B	4	$1.6B
TOTAL	$15.8B
Largest	Staples, Inc. $6.9B (2017-06-28)

buy

Total

> $1B

$14.2B

$100M to $1B

$1.6B

TOTAL

$15.8B

Largest

Staples, Inc.
$6.9B (2017-06-28)

sell	#	Total
$100M to $1B	1	$530M
TOTAL	$530M
Largest	Stuart Weitzman Holdings LLC $530M (2015-01-06)

sell

Total

$100M to $1B

$530M

TOTAL

$530M

Largest

Stuart Weitzman Holdings LLC
$530M (2015-01-06)

		Deals
Acquired from
Investor(s)	15%	4 (15%)
Strategic(s)	35%	9 (35%)
Exited to
Investor(s)	20%	2 (20%)
Strategic(s)	30%	3 (30%)

Deals

Acquired from

Investor(s)

4 (15%)

Strategic(s)

9 (35%)

Exited to

Investor(s)

2 (20%)

Strategic(s)

3 (30%)

FAQ

When was Sycamore Partners founded?

Sycamore Partners was founded in 2011.

What type of investor is Sycamore Partners?

Sycamore Partners is a private equity firm.

Where is Sycamore Partners headquartered?

Sycamore Partners is headquartered in New York, New York.

How much capital does Sycamore Partners have under management?

Sycamore Partners has 10.0B USD under management.

Sycamore Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary