Bankruptcy • Retail

Sun Capital Partners Exits Gordmans

On March 13, 2017, invested in retailer Gordmans from Sun Capital Partners

Investment Context
  • This is transaction in the Retail sector.
  • This is transaction in the United States.
  • This is transaction in Nebraska.
Investment Fate
  • Gordmans was sold to a strategic buyer in 2017.
  • Gordmans went bankrupt in 2020.

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Investment Summary

Date March 13, 2017
Target Gordmans
Sector Retail
Sellers(s) Sun Capital Partners
Deal Type Bankruptcy

Target Company

Gordmans

Omaha, Nebraska, United States
Gordman's is an apparel and home fashions retailer with stores in 16 Midwestern states. Stores carry a large assortment of name brand apparel for all ages, accessories, footwear, gifts, designer fragrances, fashion jewelry, accent furniture, home fashions, and more, all at savings of up to 60% off department and specialty prices.
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Seller Profile 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


Deal Context for Seller #
Overall 89 of 131
Sector: Retail 17 of 24
Type: Bankruptcy 22 of 27
State: Nebraska 1 of 1
Country: United States 66 of 90
Year: 2017 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Horizon Services

Wilmington, Delaware, United States

Horizon Services is a provider of essential HVAC, plumbing, and electrical home services in the eastern United States. Horizon Services was founded in 1987 and is based in Wilmington, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 Marsh Supermarkets

Indinanapolis, Indiana, United States

Marsh Supermarkets operates supermarkets under such well-known brands as Marsh Supermarkets, Hometown Markets, LoBill Foods, Arthur’s Fresh Markets, O’Malia Food Markets. The Company also operates McNamara Florist and Enflora Flowers for Business.

Sell -