IFLR1000

Sycamore Partners $3 billion acquisition of Belk

10/12/2015
Public acquisition
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$ 3 billion

Completed

10/12/2015

Overview:

  • Private equity firm Sycamore Partners has completed its $3 billion acquisition of Charlotte, North Carolina-base department store chain Belk.
  • The price tag includes Belk's debt. 
  • BofA Merrill Lynch acted as financial adviser for Sycamore, while Goldman Sachs acted for Belk.
  • The deal was first announced in August 2015.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Consumer goods and services

Firms:
Gibson Dunn & Crutcher

Party: Goldman Sachs (Financial adviser)

King & Spalding

Party: Belk (Target)

Lawyers: Jack Capers, Keith Townsend, Robert Leclerc

Kirkland & Ellis

Party: Sycamore Partners (Acquirer)

Lawyers: Hamed Meshki, Mikaal Shoaib

Shearman & Sterling

Party: BofA Merrill Lynch (Financial adviser)

Lawyer: Maura O'Sullivan

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