M&A Deal Summary |
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Date | 2023-02-03 |
Target | RONA |
Sector | Retail |
Buyer(s) | Sycamore Partners |
Sellers(s) | Lowe s |
Deal Type | Divestiture |
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Category | Private Equity Firm |
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Founded | 2011 |
PE ASSETS | 10.0B USD |
Size | Mega |
Type | Sector Focused |
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 | 24 of 26 |
Sector (Retail) | 9 of 9 |
Type (Divestiture) | 8 of 8 |
State (Quebec) | 2 of 2 |
Country (Canada) | 2 of 2 |
Year (2023) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-11-03 |
Lowe s Canadian Retail Business
Boucherville, Quebec, Canada Lowe's Canadian Retail Business operates or services approximately 450 corporate and independent affiliate dealer stores in a number of complementary formats under different banners, which include RONA, Lowe's Canada, Réno-Dépôt and Dick's Lumber. Lowe's Canadian Retail Business is based in Boucherville, Quebec. |
Buy | $400M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-02-08 |
NBG Home
Austin, Texas, United States NBG Home is a provider of an extensive array of home décor products, including ready-made and custom framing, lighting, accent furniture, wall décor, and soft goods under a portfolio of leading brands. NBG serves a wide variety of retail partners, including mass merchants, specialty stores, discount stores, home centers, warehouse clubs, and internet retailers. NBG Home is based in Austin, Texas. |
Sell | - |
Lowe's is a home improvement retailer with more than 1,800 locations across the US, Canada, and Mexico. Lowe's was formed in 1921 and is based in Mooresville, North Carolina.
DEAL STATS | # |
---|---|
Overall | 3 of 3 |
Sector (Retail) | 2 of 2 |
Type (Divestiture) | 3 of 3 |
State (Quebec) | 2 of 2 |
Country (Canada) | 2 of 2 |
Year (2023) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-11-03 |
Lowe s Canadian Retail Business
Boucherville, Quebec, Canada Lowe's Canadian Retail Business operates or services approximately 450 corporate and independent affiliate dealer stores in a number of complementary formats under different banners, which include RONA, Lowe's Canada, Réno-Dépôt and Dick's Lumber. Lowe's Canadian Retail Business is based in Boucherville, Quebec. |
Sell | $400M |