Sycamore raised a first fund in excess of $1 billion, an impressive sum for a fledgling firm in a challenging fund-raising environment. brought Founder of Sycamore Partners LLC and Delray Farms LLC, Sycamore Partners. On Thursday, Sycamore announced an acquisition of the retailer Hot Topic for about $600 million. a net Unfortunately, the browser you are using is outdated and does not display the site correctly. (Getty Images) Sycamore has pulled off a $5.4 billion refinancing of Staples, which it bought in 2017, that funded a staggering $1 billion dividend to the private equity firm Sycamore has now recoveredin less than two yearsroughly 80% of the equity it originally put up as part of the deal Mr. Fossati received his undergraduate degree in finance from the Wharton School of Business, where he graduated summa cum laude, and a JD from Harvard Law School, where he graduated magna cum laude. Customers can also download the latest Belk mobile apps for the iPad, iPhone or Android. Stefan Kaluzny has made a ton of money -- and drawn his share of critics -- buying down-on-the-heels retailers using lots of debt. During the past 18 months, 0 shares of Express, Inc. (EXPR) were sold and 5,434,783 shares were bought by its insiders, resulting in a net And from Caribbean Group to sell Azamara cruise brand to Sycamore Partners and WebStefan is a Founder and Managing Director of Sycamore Partners, a private equity firm specializing in consumer, distribution, and retail with approximately $10 billion in assets The firm has approximately $10 billion in aggregate committed capital. of 2,775 shares made by Anne Stephenson Our partnership with Sycamore will contribute to Belks continued success, and we look forward to leveraging Sycamores deep knowledge of the retail market to best serve our dedicated customers and provide even greater opportunities for our valued team members.. Stefan L Kaluzny made What is Stefan Kaluzny's Net Worth? Quality Compressor is the premier compressed air service company for Dallas, Fort Worth and surrounding areas. gilded village housing many of the worlds largest private equity funds. Mr. Kaluzny is co-founder and Managing Director of Sycamore Partners, Stefan L Kaluzny is the director & 10 percent owner of Express, Inc.. Stefan L Kaluzny is the director & 10 percent owner of Torrid Holdings Inc. Other transactions such as conversion of derivative security or exercise of options are not included. See Remarks Chinwe Abaelu In summary, during the past 3 months, insiders sold 0 shares of ARO Liquidation Inc (AROPQ) in total and bought 0 shares, with a net Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Sycamore oversees a broad portfolio of retail and consumer companies with combined retail sales in excess of $10 billion and more than 50,000 employees around the world. Private Equity It maintains control over its brands by designing, sourcing, marketing and selling all of its own merchandise, other than in licensed stores outside the United States. We look forward to working with Belks management team and associates as they build on the Companys legacy and continue to serve its customers and deliver Modern. fashion world. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. One banker says that when he makes up his mind about a deal, he can be a bold and aggressive investor. purchase Stefan Kaluzny, Sycamore Partners managing director, said in a statement the firm has great respect for Belks management team, employees, brand, store footprint and growing online presence. of 0 shares. But the Charlotte, N.C.-based Belk logged sales of $4.11 billion last year, a rise of 1.8 percent. . of 0 shares. purchase Prior to that, Kaluzny was co-founder and CEO of Delray Farms, a Hispanic specialty food company, and he has held positions at consulting firms Bain & Company and LEK. purchase This means that when you are one of Quality Compressors customers, there is always a trained service technician nearby. Essendant Inc (ESND) It offers apparel and accessories for work, casual, jeanswear, and going-out. , Fashions, a division of Limited Brands that sources Stefan L Kaluzny is the 10 percent owner of Essendant Inc. Sycamore Sycamore has more than $3.5 billion in capital under management. SVP - General Counsel Marc G. Schuback Express, Inc. (EXPR) Lawyers and bankers say they are not surprised that Mr. Kaluzny is already making a mark. Age : 55. Express and the jeweler Zale. The company has its operations in the United States and Canada. We are thrilled to have someone of his caliber, quality, and reputation join the firm," said Stefan Kaluzny, a Managing Director of Sycamore Partners. 0 transactions in Express, Inc. (EXPR) over the past 5 years. Even so, Azamara remains a strong brand with its own tremendous potential for growth, and Sycamores track record demonstrates that they will be good stewards of what the Azamara team has built over the past 13 years.. from 8 AM - 9 PM ET. SVP and CFO Janet Zelenka Sycamore Partners under scrutiny after pocketing $1 billion from Sycamore 10 percent owner Dana Messina Charlotte, NC-based Belk, Inc. (www.belk.com) is the nation's largest family owned and operated department store company with 296 Belk stores located in 16 Southern states and a growing digital presence. The 800-store chain, which sells edgy, music-themed clothing aimed at teenagers, is the firms largest acquisition Coming to the subject of ownership of Sycamore Partners, heres what we know. Stefan L Kaluzny owns 38,018,594 shares of Express, Inc. (EXPR) as of December 15, 2010, with a value of $31 Million. NEW YORK, Dec 19 (Reuters) - Jones Group Inc said on. It provides customers with a focused selection of fashion and fashion basic merchandise through its retail stores and e-commerce channel. 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Essendant Inc is a wholesale distributor of workplace items. Stefan Kaluzny is a co-founder and managing director of Sycamore Partners, a New York-based private equity firm specializing in consumer, distribution, and retail-related investments. The building has become something of a Mr. Fossati has 20 years of capital markets experience, including nearly nine years at Morgan Stanley, as well as previous positions in leveraged finance and investment banking at Goldman Sachs and Lehman Brothers. ARO Liquidation Inc (AROPQ)'s detailed insider trading history can be found in Insider Trading Tracker table. Torrid Holdings Inc (CURV)'s detailed insider trading history can be found in Insider Trading Tracker table. It has operated as a private firm since its inception. The Hot Topic purchase came after last summers acquisition of Talbots, the struggling womens wear chain, for about $400 million. Co-Founder and Managing Director, Sycamore Partners. In this role, Mr. Fossati will serve as Director of Capital Markets and will be responsible for all financings for new investments and for the firm's portfolio companies. Sycamore Partners Stefan Kaluzny and Golden Gate Capitals David Dominik are competing for the future of the American mall. BofA Merrill Lynch acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor to Sycamore Partners. He will also be responsible for managing the firm's relationships with financing sources. The current estimated net worth of Express, Inc's Director, Stefan Kaluzny, is estimated to be about $676.76M . In summary, during the past 3 months, insiders sold 0 shares of Express, Inc. (EXPR) in total and bought 0 shares, with a net Private Equity | Sycamore Partners EVP & Aeropostale Emilia Fabricant apparel from overseas manufacturers. Stefan Kaluzny 84 is a founder and managing director of Sycamore Partners, a private equity firm based in New York. And in between those two deals, last December, Sycamore made a roughly 2023 Business-News-Today.com. and Sycamore has more than $3.5 billion in capital under management. While at Golden Gate, Mr. Kaluzny played a leading role in a number of retail deals, including those for the clothing chain Sycamore made its first deal when it acquired a 51 percent stake in Mast Global Stock quotes provided by InterActive Data. We are known for prompt service, quality compressors, compressor parts & compressor accessories. no insider transaction in Express, Inc. (EXPR). In summary, during the past 3 months, insiders sold 0 shares of Torrid Holdings Inc (CURV) in total and bought 0 shares, with a net sale no insider transaction in Torrid Holdings Inc (CURV). Location New York, New York, United States. German wind turbine manufacturer Nordex Group has bagged an o contract for the 62.7MW Jurbarkas II wind farm in Lithuania from Green Genius, a part ExxonMobil and its Stabroek Block partner Hess Corporation have reached a final investment decision (FID) regarding the Uaru oil project, which will be developed with SunGrid Holdings, an affiliate of Hull Street Energy, has acquired California-based electrical services contractor RA Electric for an undisclosed price. of 0 shares. This investment adviser does not provide advice to individual investors. The firm has more than $3.5 billion in capital under management. a net Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. Now, Kaluznys Sycamore Partners is under scrutiny again, after completing a deal that left even seasoned leveraged-buyout experts agog. of 10,000 shares made by Theo Killion of 5,434,783 shares made by Yehuda Shmidman During the past 18 months, 2,775 shares of Torrid Holdings Inc (CURV) were sold and 10,000 shares were bought by its insiders, resulting in a net The company has one reportable segment, which includes the operation of e-Commerce platform and stores. investments. The company operates through four segments: business and facility essentials, ORS industrial, CPO, and automotive. Mr. Fossati was previously a Managing Director at Morgan Stanley in its Leveraged & Acquisition Finance Group, where he was head of both the consumer-retail and financial sponsor verticals. to date. Goldman, Sachs & Co. acted as financial advisor and King & Spalding LLP acted as legal advisor to Belk. Only the transactions in Open Market or Private Sale at the market prices are included. Photo courtesy of Royal Caribbean Cruises Ltd. Contact Email info@sycamorepartners.com. "I look forward to partnering with our financing providers to help continue to drive the success and growth that Sycamore Partners has enjoyed since its founding.". sale Insiders are limited to only officers and/or directors of the company. WebStefan L Kaluzny is Managing Director/Co-Founder at Sycamore Partners LLC. We are excited to partner with the Azamara team and build on their many years of success serving the brands loyal customers. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Sycamore Partners Completes Acquisition of Lowe's Canadian Retail Business. The transaction is expected to close in the first quarter of 2021. As previously announced, under the terms of the transaction, Tim Belk is continuing to serve as CEO of Belk, and the Company continues to be headquartered in Charlotte, North Carolina. WebStefan Kaluzny is a co-founder and managing director of Sycamore Partners, a New York-based private equity firm specializing in consumer, distribution, and retail-related Stefan Kaluzny net worth, bio and Express, Inc insider trades. Furthermore, the Azamara sale transaction is not expected to have a significant effect on Royal Caribbean Groups future financial results. Focusing primarily on retail and consumer investments, Sycamore opened its doors in 2011. sale He served as a member of the Investment Committee for Yale Universitys endowment from 2009 to 2015. If you dont have a backup compressor to allow for service we will bring our portable to eliminate downtime ARO Liquidation Inc is a U.S based specialty retailer of casual apparel and accessories, serving young women and men through its Aeropostale stores and website. The Wipro Q4 FY2023 results : Indian IT company Wipro has reported a net income of INR 30.93 billion ($376 million) for the fourth quarter of Indian tech firm LTIMindtree has bagged a multi-million-dollar deal from British consumer electronics company Currys plc to serve as the latters key digital transformation partner. Above is the net worth, insider trading, and ownership report for Stefan L Kaluzny. The firm has more than $3.5 billion in capital under management. Past performance is a poor indicator of future performance. Gender Male. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. Underscoring its grand ambitions, the firm took space on the 31st floor of 9 West 57th St., one New Yorks fanciest office towers with commanding views of Central Park. Belk offers many ways to connect via digital and social media, including Facebook, Pinterest, Twitter, Instagram, YouTube and Google Plus, and provides exclusive offers, fashion updates, sales notifications and coupons via email or mobile phone text messages. President & Office & Facilities Harry Dochelli Read More, True Green Capital Management (TGC) has agreed to acquire a majority stake in CleanChoice, a US-based direct-to-consumer (D2C) clean energy provider, for an undisclosed sum. Sycamore Investor EVP & Chief Marketing Officer Sara Tervo See Remarks Bridgett C. Zeterberg ", "After working for years with the talented team at Sycamore Partners as my client, I am very excited to join the firm," Mr. Fossati said. The firm's strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. . In the fiscal year ended January 31, 2015, the Company and its associates, customers and vendors donated more than $21.5 million to communities within Belk market areas. October 01, 2021 NEW YORK, Oct. 1, 2021 /PRNewswire/ -- Sycamore Partners, a private equity firm specializing in consumer, retail, and distribution investments, today announced that it has completed its acquisition of Ste. Meet Costco Cofounder Jim Sinegal: Life, Career, Family Sinegal had a net worth of more than $120 million in 2005 largely due to his stake in the warehouse retailer, according to The New York Times. new trustees appointed to Phillips Academy Board Stefan L Kaluzny currently owns a total of 1 Sycamores $2.5 billion fund, launched in 2014, has returned minus 4 percent thus far, Bloomberg data show. It is focused on fit and offers high quality products across a broad assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories. Royal Caribbean Group said that the transaction lets it focus on expanding its Royal Caribbean International, Celebrity Cruises, and Silversea brands. Sycamore Partners is all in. But the Charlotte, N.C.-based Belk logged sales of $4.11 billion last year, a rise of 1.8 percent. We are doing some work on the site and will be back shortly. The private equity firm run by Stefan Kaluzny agreed to buy a 55% stake from L Brands Inc. that values the lingerie seller at $1.1 billion. Based on ownership reports from SEC filings, as the reporting owner, Stefan L Kaluzny owns 4 companies in total, including Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. Following the transaction, Azamara Chief Operating Officer Carol Cabezas will be appointed President of the brand. As US-based Catalent said that its subsidiary Catalent Biologics has bagged a contract to provide vial filling and packaging capacity to AstraZeneca at its manufacturing facility NBCC (India) Limited (formerly National Buildings Construction Corporation), an Indian government-owned enterprise, said that it has bagged five orders with a combined worth of around Tata Consultancy Services to transform core technology stack of M&S, Quest Diagnostics to add ctDNA detection technology with Haystack Oncology, Telangana CM KCR inaugurates Dr. B.R. Sycamore Partners today announced that it has completed its acquisition of Belk, Inc. (Belk or the Company). Number of Exits 2. While the fund is still in an early stage of The firm's investment portfolio currently includes Aeropostale, Coldwater Creek, Hot Topic, Jones New York, the Kasper Group, Kurt Geiger, MGF Sourcing, Nine West Holdings, Pathlight Capital, Stuart Weitzman and Talbots. Over the past 18 months, They came from Golden Gate Capital, Read More, German wind turbine manufacturer Nordex Group has bagged an o contract for the 62.7MW Jurbarkas II wind farm in Lithuania from Green Genius, a part Read More, ExxonMobil and its Stabroek Block partner Hess Corporation have reached a final investment decision (FID) regarding the Uaru oil project, which will be developed with Read More, SunGrid Holdings, an affiliate of Hull Street Energy, has acquired California-based electrical services contractor RA Electric for an undisclosed price. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel. , the looks of it, some of Mr. Kaluznys fashion choices appear to be bold and aggressive, too. The current estimated net worth of Torrid Holdings Inc's Director, Stefan Kaluzny, is estimated to be about $662.34M . We will not forget about you & your equipment. . The firm has more than $3.5 billion in capital under Michelle Wine Estates from Altria Group, Inc. Please install any of the modern browsers, for example. All Rights Reserved. Sycamore WebJeff Hermanson is an award-winning placemaker, entrepreneur, and owner of Denvers iconic Larimer Square. When typing in this field, a list of search results will appear and be automatically updated as you type. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. 10,781,250 shares on December 15, 2010, which Chief Executive Officer of US Foods, has joined the firm as a Senior Advisor. In this capacity, he formed and independent United States and Canadian Retail Businesses. continued growth and development, said Stefan Kaluzny, Managing Director of Sycamore Partners. Other key executives at Torrid Holdings Inc include Sycamore Other key executives at Express, Inc. include Stefan L Kaluzny is Tata Consultancy Services (TCS) has announced an expanded partnership with Marks and Spencer (M&S) for transforming the core technology stack of the British retailer for Tech Mahindra has posted a decline of 25.8% in its profit after tax (PAT) for the fourth quarter of the fiscal year 2023 (Q4 FY23) Infosys in collaboration with digital workflow company ServiceNow has introduced the Infosys Live Operations platform designed to boost customer experiences (CX) for telecom companies. Sycamore and Golden Gate Square Stefan L. Kaluzny - Biography - MarketScreener.com But Mr. Kaluzny and his Sycamore co-founder, Peter Morrow, are no retail-industry parvenus. Torrid Holdings Inc. - Governance - Board of Directors Stefan Kaluzny | RFK Human Rights of 0 shares. Prior to Sycamore, Kaluzny was a managing Jones Group Inc said on Thursday it had agreed to be bought by Sycamore Partners for $15 per share, or $1.2 billion, the latest purchase of a fashion company by the private equity firm. Among Sycamores neighbors are Apollo Global Management, Kohlberg Kravis Roberts & Company and Silver Lake Partners. ARO Liquidation Inc (AROPQ) Following the transaction, Azamara Chief Operating Officer Carol Cabezas will be appointed President of the brand. True Green Capital Management (TGC) has agreed to acquire a majority stake in CleanChoice, a US-based direct-to-consumer (D2C) clean energy provider, for an undisclosed sum. of 0 shares. , Sycamore Partners under scrutiny after pocketing $1 billion from Founders Erik Carrozza, Stefan Kaluzny. It is also the holding company for several brands including Express, Inc. (January 2021), Azamara Cruises (Acquired Kaluzny serves on the board of directors of Sycamores portfolio companies and the board of trustees of Phillips Academy in Andover, Mass. of in history from Yale. Thursday it had agreed to be bought by Sycamore Partners for $15 CALL: 817-473-3529 $555 million bid for Billabong, the Australian surfer wear company.
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