Investment Summary

Golden Gate Capital and Blum Capital Exits Payless Shoes

On April 3, 2017, invested in retailer Payless Shoes from Golden Gate Capital and Blum Capital

Investment Highlights
  • This is transaction in the Retail sector.
  • This is transaction in the United States.
  • This is transaction in Kansas.

Investment Summary

Date 2017-04-03
Target Payless Shoes
Sector Retail
Sellers(s) Golden Gate Capital
Blum Capital
Deal Type Bankruptcy

Target

Payless Shoes

Topeka, Kansas, United States
Payless Shoesource store in the Miller Hall Mall of Duluth, Minnesota.
Payless Shoesource store in the Miller Hall Mall of Duluth, Minnesota.
Payless Shoesource, Inc. is a specialty family footwear retailer in the Western Hemisphere, is dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value.

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Seller(S) 2

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 52 of 86
Sector: Retail M&A 9 of 11
Type: Bankruptcy M&A Deals 5 of 7
State: Kansas M&A 1 of 1
Country: United States M&A 46 of 78
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 Cole-Parmer Instrument

Vernon Hills, Illinois, United States

Cole-Parmer Instrument is a global supplier of fluid handling, test & measurement, environmental, and biosciences instrumentation with expertise in peristaltic technologies, temperature control, electrochemistry, water and air testing, and chromatography. Its portfolio includes brands such as Masterflex, Environmental Express, and Traceable, serving research and production needs across life sciences, healthcare, environmental, and industrial markets. Cole-Parmer Instrument was founded in 1955 and is based in Vernon Hills, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Tollgrade Communications

Cranberry Township, Pennsylvania, United States

Tollgrade Communications is a provider of network assurance solutions for the telecommunications and utilities industries. Tollgrade’s core telecom products help telecommunications service providers to minimize repair costs by remotely diagnosing problems in the copper line networks for DSL and plain old telephone service (POTS) lines. Tollgrade Communications is based in Cranberry Township, Pennsylvania.

Sell $23M
SELLER

Blum Capital

San Francisco, California, United States

Category Private Equity Firm
Founded 1975
Size Large
Type Sector Agnostic
DESCRIPTION

Blum Capital is an investment firm that seeks minority and control investments in public and private transactions across the US. The Firm focuses on small and mid-capitalization companies when considering opportunities. Blum Capital Partners was founded in 1975 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 3
Sector: Retail M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Kansas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Suntron

Phoenix, Arizona, United States

Suntron is a provider of high mix, vertically integrated electronics manufacturing services to electronics original equipment manufacturers. Suntron delivers complete manufacturing services and solutions to support the entire life cycle of complex products in the semiconductor capital equipment, aerospace and defense, networking and telecommunications, medical and industrial markets.

Sell -