Sycamore Partners
9 West 57TH StreetNew York, NY 10019-2701
Website: sycamorepartners.com
Firm Size
- Assets Under Management (AUM):$13 Billion
- Number of Funds:31
- Employees:58
- Firm Type:Private Equity
- Focus Areas:
Consumer
Description
Sycamore Partners is a private equity firm based in New York City, New York. Established in 2011, the firm specializes in investing in retail and consumer companies. Led by a team of highly experienced professionals, Sycamore Partners focuses on making strategic investments in distressed or underperforming businesses with potential for growth and profitability. The firm primarily targets mid-market companies and has successfully executed numerous acquisitions and divestitures in the retail sector. Sycamore Partners has a reputation for revitalizing struggling brands and driving operational improvements within its portfolio companies. They typically take a hands-on approach, working closely with management teams to implement strategic initiatives that enhance their overall performance. Sycamore Partners' investment strategy involves identifying undervalued assets in the retail sector, often leading to full or partial ownership of the target companies. They have a deep understanding of the challenges facing the industry and leverage their expertise to create value and drive successful turnarounds. With a diverse portfolio of companies in various sectors of the retail industry, Sycamore Partners has demonstrated a track record of generating strong returns for its investors. Their investments span across apparel, footwear, department stores, luxury goods, and more. Notable investments include the acquisition of Staples, Belk, Nine West, Hot Topic, and The Limited. Overall, Sycamore Partners is a prominent private equity firm in the retail industry, known for its focus on distressed investments and value creation. With its headquarters in New York, the firm continues to actively pursue investment opportunities and contribute to the growth and success of its portfolio companies.Latest News
Powered by
Jan 05, 2024: KNITWELL GROUP ADDS CHICO'S, WHITE HOUSE BLACK MARKET AND SOMA
KnitWell Group ("KnitWell"), a company comprising industry-leading apparel brands Ann Taylor , LOFT, and Talbots, today announced it has added Chico's, White House Black Market and Soma to its portfolio. KnitWell also provides oversight and shared services to Lane Bryant , a leading plus-size women's apparel brand. This combination follows the sale of Chico's FAS to Sycamore Partners, a leading private equity firm specializing in consumer, distribution, and retail-related investments.
Jan 05, 2024: Sycamore Partners Completes Acquisition of Chico's FAS, Inc.
Chico's FAS, Inc. ("Company" or "Chico's FAS," NYSE: CHS) today announced the completion of its acquisition by Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments, for $7.60 per share, in an all-cash transaction valued at approximately $1 billion .
Jan 02, 2024: Pure Storage Set to Join S&P MidCap 400; Patterson Companies to Join S&P SmallCap 600
Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5 . Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions. Patterson Companies has a market capitalization that is more representative of the small-cap market space.
Oct 24, 2023: SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CHS, SLGC, ORTX, OLK
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Oct 24, 2023: ALERT: The M&A Class Action Firm Continues Investigating the Merger - ORTX, SRT, CHS, ICPT
Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2023 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City , is investigating:
Oct 19, 2023: SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CHS, SLGC, ORTX
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Oct 11, 2023: DICK'S LUMBER ACQUIRES ZYTECH BUILDING SYSTEMS
Oct 09, 2023: SHAREHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger - SATS, ICPT, AMNB, CHS
Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2023 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City , is investigating:
Sep 28, 2023: SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CHS, FNCB, PFIS
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Sep 28, 2023: Chico's FAS, Inc. Enters into Definitive Agreement to Be Acquired by Sycamore Partners for $1 Billion
Chico's FAS, Inc. (NYSE: CHS) ("Company" or "Chico's FAS") today announced that it has entered into a definitive agreement to be acquired by Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments. Upon completion of the transaction, Chico's FAS will become a privately held company.
Aug 30, 2023: Iconic Apparel Brands Ann Taylor, LOFT and Talbots Come Together as KnitWell Group
Sycamore Partners, a private equity firm specializing in consumer, distribution, and retail-related investments, today announced the formation of KnitWell Group ("KnitWell"), a new holding company comprising industry-leading apparel brands Ann Taylor , LOFT, and Talbots. Together, these brands generate more than $3 billion in annual sales. The Company will also continue to provide oversight and shared services to Lane Bryant , a leading plus-size women's apparel brand. Together, these brands position KnitWell as one of the largest specialty apparel companies in the United States .
May 16, 2023: Sandeep Mathrani Joins Sycamore Partners as a Director
Sycamore Partners today announced that Sandeep Mathrani , former Chief Executive Officer at WeWork and former Chief Executive Officer of Brookfield Properties' retail group / Vice Chairman of Brookfield Properties, has joined the firm as a Director strengthening the firm's real estate expertise. Sandeep will lead Sycamore's real estate activity, improving and optimizing real estate often embedded within Sycamore's target companies.