Investment Summary

Kmart Exits The Sports Authority

On January 1, 1995, invested in retailer The Sports Authority from Kmart

Investment Highlights
  • This is transaction in the Retail sector.
  • This is transaction in the United States.
  • This is transaction in Colorado.
Investment Fate
  • The Sports Authority was sold to a consortium of financial buyers in 2006 for 1.4B USD.
  • The Sports Authority went bankrupt in 2016.

Investment Summary

Date 1995-01-01
Target The Sports Authority
Sector Retail
Sellers(s) Kmart
Deal Type Spin Off

Target

The Sports Authority

Englewood, Colorado, United States
The Sports Authority retail store in downtown Chicago, Illinois.
The Sports Authority retail store in downtown Chicago, Illinois.
The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado.

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Seller(S) 1

SELLER

Kmart

Troy, Michigan, United States

Category Company
Founded 1899
Sector Retail
DESCRIPTION

Kmart operates a chain of discount department stores. The Company was originally founded in 1899 and is headquartered in Troy, Michigan.


DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 2 of 2
Type: Spin Off M&A Deals 2 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 2
Year: 1995 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Borders Group

Ann Arbor, Michigan, United States

Borders Group, Inc. is a national chain of bookstores.

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