M&A Deal Summary

Sycamore Partners Acquires Talbots

On August 7, 2012, private equity firm Sycamore Partners acquired retail company Talbots for 391M USD

Acquisition Highlights
  • This is Sycamore Partners’ 1st transaction in the Retail sector.
  • This is Sycamore Partners’ 6th largest (disclosed) transaction.
  • This is Sycamore Partners’ 2nd transaction in the United States.
  • This is Sycamore Partners’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2012-08-07
Target Talbots
Sector Retail
Buyer(s) Sycamore Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 391M USD
Advisor(s) Perella Weinberg Partners (Financial)
White & Case LLP (Legal)

Target

Talbots

Hingham, Massachusetts, United States
website
Talbots is a specialty retailer and direct marketer of women's apparel, shoes, and accessories. Established in 1947, Talbots is known for its classic women's clothing. The company operates over 500 Talbots stores in 46 states and Canada.

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Buyer(S) 1

Buyer

Sycamore Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
SizeMega
Type Sector Focused
DESCRIPTION

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 2 of 21
Sector (Retail) 1 of 7
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Massachusetts) 1 of 2
Country (United States) 2 of 19
Year (2012) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-03 MGF Sourcing

Columbus, Ohio, United States

MGF Sourcing is an apparel sourcing, manufacturing, and supply chain company. With more than 40 years of experience and over 700 skilled associates worldwide, MGF Sourcing is the sourcing and production partner to some of the world’s best apparel brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-12 Hot Topic

City of Industry, California, United States

Hot Topic is a mall and web based specialty retailer operating the Hot Topic concept. Hot Topic offers music/pop culture-licensed and music/pop culture-influenced apparel, accessories, and music and gift items for young men and women.

Buy $600M