Sycamore Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Sycamore Partners has acquired 6 companies.

Sycamore Partners’ most common sectors for investment areretail (37%) and apparel/textiles (28%) . The Firm’s most common investment types include divestiture (32%) and buyout (lbo, mbo, mbi) (19%). In total, Sycamore Partners has invested in 12 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 1 company. The Firm’s most common exit type is trade sale (38%). 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 Activity30
    • M&A Buy Activity22
    • M&A Sell Activity8
  • Total Sectors Invested 10
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 13
  • M&A Advisors 12

Sycamore Partners

9 West 57 Street, 31st Floor,
New York, New York 10019
United States
(212) 796-8500
www.sycamorepartners.com
info@sycamorepartners.com

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.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Consumer Products, Consumer Services, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Special Situations/Distressed, PIPE, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, United Kingdom, Western Europe, Scandinavia

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

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.6/yr) # 14 2 1 1 2 2 22
vol $13.1B $1.1B $201M $400M $14.8B
Sell (0.6/yr) # 5 2 - 1 - - 8
vol $530M $530M
  30

Most Recent M&A

Company Date Value Type
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
Van Nuys, California · www.digitalroom.com
Azamara 2021-01-19 201M USD Divestiture
Miami, Florida · www.azamara.com
Ascena Retail Group, Inc. - Ann Taylor, LOFT, Lou & Grey and Lane Bryant 2020-12-23 - Divestiture
Mahwah, New Jersey
CWC DIRECT LLC 2020-07-31 - Shut Down
Cincinnati, Ohio · www.coldwatercreek.com
Essendant, Inc. 2019-01-31 - Divestiture
Deerfield, Illinois · www.essendant.com
Pure Fishing, Inc. 2018-11-07 - Divestiture
Columbia, South Carolina · www.purefishing.com
E.M.P. Merchandising Handelsgesellschaft mbH 2018-09-17 - Add-on Acquisition
Lingen, Germany · www.emp-online.com
Commerce Technologies LLC 2018-05-21 1.1B USD Going Private
Latham, New York · www.commercehub.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
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

M&A by Sector

Sector Current # Value All-time # Value
Retail 6 (40%) 11.3B (90%) 8 (36%) 11.3B (76%)
Apparel/Textiles 2 (13%) - 6 (27%) 2.2B (15%)
Software 1 (7%) 1.1B (9%) 1 (5%) 1.1B (7%)
Leisure 1 (7%) 201M (2%) 1 (5%) 201M (1%)
Business Services 1 (7%) - 1 (5%) -
Consumer Products 1 (7%) - 1 (5%) -
Distribution 1 (7%) - 1 (5%) -
Education 1 (7%) - 1 (5%) -
Furniture 1 (7%) - 1 (5%) -
Internet Software and Services - - 1 (5%) -
Total 15 $12.6B 22 $14.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (93%) 12.2B (97%) 19 (86%) 14.4B (97%)
  New York 1 (7%) 1.1B (9%) 4 (18%) 3.3B (22%)
  Ohio 2 (13%) - 3 (14%) -
  Massachusetts 2 (13%) 7.3B (58%) 2 (9%) 7.3B (49%)
  California 2 (13%) 600M (5%) 2 (9%) 600M (4%)
  North Carolina 1 (7%) 3.0B (24%) 1 (5%) 3.0B (20%)
  Florida 1 (7%) 201M (2%) 1 (5%) 201M (1%)
  New Jersey 1 (7%) - 1 (5%) -
  Illinois 1 (7%) - 1 (5%) -
  Texas 1 (7%) - 1 (5%) -
  South Carolina 1 (7%) - 1 (5%) -
  Pennsylvania 1 (7%) - 1 (5%) -
  Virginia - - 1 (5%) -
Canada 1 (7%) 400M (3%) 1 (5%) 400M (3%)
  Quebec 1 (7%) 400M (3%) 1 (5%) 400M (3%)
United Kingdom - - 1 (5%) -
Germany - - 1 (5%) -
Domestic 14 (93%) 12.2B (97%) 19 (86%) 14.4B (97%)
Cross-border 1 (7%) 400M (3%) 3 (14%) 400M (3%)
Total 15 $12.6B 22 $14.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 5 (33%) 601M (5%) 7 (32%) 601M (4%)
Going Private 3 (20%) 8.6B (68%) 4 (18%) 10.8B (73%)
Buyout (LBO, MBO, MBI) 2 (13%) 3.4B (27%) 4 (18%) 3.4B (23%)
Secondary Buyout 3 (20%) - 3 (14%) -
Special Situations/Distressed 1 (7%) - 2 (9%) -
PIPE - - 1 (5%) -
Stake Purchase 1 (7%) - 1 (5%) -
Total 15 $12.6B 22 $14.8B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (25%) 530M (100%)
Secondary Sale 2 (25%) -
Trade Sale 2 (25%) -
Bankruptcy 1 (13%) -
Shut Down 1 (13%) -
Total 8 $530M

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
5
Guggenheim Securities
1
Citigroup Investment Banking
1
Legal Deals
Kirkland & Ellis LLP
7
Winston & Strawn LLP
3
Simpson Thacher & Bartlett LLP
1

Deal Values

buy # Total
> $1B 4 $13.2B
$100M to $1B 4 $1.6B
TOTAL $14.8B
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)

M&A Connections

Deals
Acquired from
Investor(s)
14%
3 (14%)
Strategic(s)
36%
8 (36%)
Exited to
Investor(s)
25%
2 (25%)
Strategic(s)
38%
3 (38%)

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