Sycamore Partners
| Private | |
| Industry | Private Equity |
| Headquarters | New York City, New York, United States |
| Website | sycamorepartners |
Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has more than $3.5 billion in capital under management. Some of the retail investments made by Sycamore Partners include Belk, Inc, talbots, and Nine West. The recent purchase of Staples Inc. for $6.9 billion was announced on June 28, 2017, expected to close in late 2017.
In 2011, Sycamore acquired a 51% stake in MGF Sourcing, finally completing the total takeover in 2015.
In 2012 the firm acquired Talbots for $391 million.
In 2013, the Sycamore acquired Hot Topic for $600 million and Torrid $600 million.
In 2014, the firm acquired Coldwater Creek,Jones New York for $2.2 billion which was then sold to Authentic Brands Group in 2015.Kurt Geiger which was then sold to Cinven in 2015.Nine West for $2.2 billion Sycamore also acquired Stuart Weitzman for $2.2 billion selling the business to Coach, Inc. in 2015 for $574 million.
In 2015, the firm acquired Belk, Inc $3 billion, and EMP Merchandising, whilst divesting Pathlight Capital
In 2017, Sycamore group company, Nine West Holdings, acquired kasper, NBG Home. The firm then went onto win the bid for The Limited, bidding $26.8 million. In June 2017, Reuters reported that Staples Inc. had agreed to sell itself for $6.9 billion. Sycamore also sold over 300 Dollar Express stores to rival, Dollar General.
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