M&A Deal Summary

Sycamore Partners Acquires Playa Bowls

On September 3, 2024, private equity firm Sycamore Partners acquired franchising company Playa Bowls from Tamarix Capital

Acquisition Highlights
  • This is Sycamore Partners’ 1st transaction in the Franchising sector.
  • This is Sycamore Partners’ 22nd transaction in the United States.
  • This is Sycamore Partners’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2024-09-03
Target Playa Bowls
Sector Franchising
Buyer(s) Sycamore Partners
Sellers(s) Tamarix Capital
Deal Type Secondary Buyout
Advisor(s) North Point Advisors (Financial)
Skadden, Arps, Slate, Meagher & Flom
Ice Miller (Legal)

Target

Playa Bowls

Belmar, New Jersey, United States
Playa Bowls is a healthy fast-casual restaurant franchisor featuring açai bowls, smoothies and related offerings, with more than 150 franchised and corporate-owned locations. Playa Bowls was founded in 2014 and is based in Belmar, New Jersey.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Sycamore Partners

New York, New York, United States

Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
Size Mega
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 26 of 29
Sector: Franchising M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 6
State: New Jersey M&A 2 of 2
Country: United States M&A 22 of 25
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-28 Chico s FAS

Fort Myers, Florida, United States

Chico's FAS is a retailer focused on women older than 35. The Company’s portfolio consists of four brands: Chico’s, White House | Black Market, and Soma Intimates. The Company's brands are all specialty retailers of private label women’s apparel, accessories, and related products, which are available to customers in stores, through websites and via telephone through a call center. Chico's FAS was founded in 1983 and is based in Fort Myers, Florida.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-06 Walgreens Boots Alliance

Deerfield, Illinois, United States

Walgreens Boots Alliance is a multichannel retailer of consumer goods and services focused on health and wellness services and advice. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with online and mobile services. Walgreens Boots Alliance was founded in 1909 and is based in Deerfield, Illinois.

Buy $23.7B

Seller(S) 1

SELLER

Tamarix Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Tamarix Capital is a lower middle-market investment firm focused on providing debt and/or equity to fund management buyouts, shareholder liquidity events, succession issues, generational changes, or growth needs. Tamarix generally pursues family-owned or closely-held businesses with $10 to $120 million in revenue. Sectors of interest include business services, industrial/niche manufacturing, consumer products and services, distribution, and healthcare services. Tamarix is based in New York City with an additional office in Chicago.


DEAL STATS #
Overall 2 of 2
Sector: Franchising M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Diamond Builders

Douglas, Georgia, United States

Diamond Builders is a manufacturer of prefabricated modular buildings for commercial and government end markets. Diamond Builders was founded in 2002 and is based in Douglas, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-06 CCRA International

Fort Worth, Texas, United States

CCRA International is a provider of tech-enabled B2B service solutions for the travel industry. Through its 24/7/365 call center support, exclusive airline and hotel contracts, global supplier partnerships, and membership accreditation program, CCRA enables travel agencies to scale efficiently and serve clients worldwide. CCRA International was founded in 1973 and is based in Fort Worth, Texas.

Buy -