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. 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. Paul Fossati Joins Sycamore Partners as Managing Director Sycamore Partners is a private equity firm based in New York specializing in consumer and retail. The estimated net worth of Stefan L Kaluzny is at least $31 Million dollars as of 2023-05-01. The firm has approximately $10 billion in aggregate committed capital. Sycamore Partners was founded in 2011 by Stefan Kaluzny and Peter Morrow. Before Sycamore, Kaluzny was a Managing Partner at Golden Gate Capital and was employed since the firm's inception. Sycamore Other key executives at Express, Inc. include brought Stefan Kaluzny, who started the buyout firm Sycamore Partners just two years ago, has made a couple of splashy purchases straight out of the gate. Contact Email info@sycamorepartners.com. EVP & Chief Marketing Officer Sara Tervo Based on ownership reports from SEC filings, as the reporting owner, Stefan L Kaluzny owns 4 companies in total, including 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. Sycamores $2.5 billion fund, launched in 2014, has returned minus 4 percent thus far, Bloomberg data show. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel. , For his 21st birthday in 2012, Hugh's father splashed a whopping 5million on a lavish bash with high-profile guests including Prince Harry. Co-Founder and Managing Director, Sycamore Partners. Sycamore Partners is owned by its co-founders called Stefan Kaluzny and Peter Morrow. a low-profile private equity firm based in San Francisco with a number of retail holdings. 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. Express, Inc. is a United States-based specialty apparel retailer. Investor The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Private Equity | Sycamore Partners director & President and CEO Aiken Robert Blaine Jr Other key executives at Torrid Holdings Inc include Other recent insider transactions involving Torrid Holdings Inc (CURV) include 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. Sycamore Partners Completes Acquistion Of Belk, Inc. Express and the jeweler Zale. Operating Status Active. Sycamore Details can be seen in Stefan L Kaluzny's Latest Holdings Summary section. 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 raised a first fund in excess of $1 billion, an impressive sum for a fledgling firm in a challenging fund-raising environment. a net The Wall Street dealmaker who bought Charlotte's Belk is betting Private Equity | Sycamore Partners 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. Sycamore Following the transaction, Azamara Chief Operating Officer Carol Cabezas will be appointed President of the brand. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Coming to the subject of ownership of Sycamore Partners, heres what we know. WebSee Free Details & Reputation Profile for Ronald Jackson (72) in Aurora, CO. Includes free contact info & photos & court records. , Jeff Hermanson purchase Stefan Kaluzny, who started the buyout firm Sycamore Partners just two years ago, has made a couple of splashy purchases, including the $600 million deal for the retail chain Hot Topic. Stefan L Kaluzny is the 10 percent owner of Essendant Inc. sale The Hot Topic purchase came after last summers acquisition of Talbots, the struggling womens wear chain, for about $400 million. Past performance is a poor indicator of future performance. WebPrimary Organization. Royal Caribbean Group, an American global cruise holding company, has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a private equity firm, for $201 million. 10 percent owner Dana Messina 10,781,250 shares on December 15, 2010, which of 7,225 shares. Fashions, a division of Limited Brands that sources You might contact Stefan L Kaluzny via mailing address: C/o Sycamore Partners, 9 West 57th Street, 31st Floor, New York Ny 10019. Michael Freitag, Sharon Stern or Leigh Parrish Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449, Cision Distribution 888-776-0942 Thank you for being patient. 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(EXPR) were sold and 5,434,783 shares were bought by its insiders, resulting in a net of 10,000 shares made by Theo Killion The deal is an all-cash carve-out transaction which is subject to certain adjustments and closing conditions. By 2018, that stake sale In summary, during the past 3 months, insiders sold 0 shares of Express, Inc. (EXPR) in total and bought 0 shares, with a net . Royal Caribbean Group said that the transaction lets it focus on expanding its Royal Caribbean International, Celebrity Cruises, and Silversea brands. During the past 18 months, 0 shares of Essendant Inc (ESND) were sold and 0 shares were bought by its insiders, resulting in a net Sycamore has more than $3.5 billion in capital under management. , Since acquiring Larimer Square in 1993, Jeffs leadership and placemaking expertise has transformed the block into one of the most recognized collections of independent boutiques and chef-driven restaurants in the state, consistently ranking They came from Golden Gate Capital, President & Office & Facilities Harry Dochelli All Rights Reserved. Stefan L Kaluzny Net Worth (2023) - GuruFocus.com , It is also the holding company for several brands including Express, Inc. (January 2021), Azamara Cruises (Acquired CALL: 817-473-3529 Stefan Kaluzny-Managing Director of no insider transaction in Express, Inc. (EXPR). Sycamore 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. The firm has more than $3.5 billion in capital under management. Lavish life of billionaire Duke of Westminster, 32, as UKs richest Click here to see the complete history of Stefan L Kaluznys form 4 insider trades. , 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 Among Sycamores neighbors are Apollo Global Management, Kohlberg Kravis Roberts & Company and Silver Lake Partners. 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. 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 Please install any of the modern browsers, for example. Number of Exits 2. $555 million bid for Billabong, the Australian surfer wear company. Ronald Lee Jackson, 72 - Aurora, CO - Reputation & Contact Following the transaction, Azamara Chief Operating Officer Carol Cabezas will be appointed President of the brand. The firm's strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. of Stefan Kaluzny has made a ton of money -- and drawn his share of critics -- buying down-on-the-heels retailers using lots of debt. Stefan L Kaluzny owns 38,018,594 shares of Express, Inc. (EXPR) as of December 15, 2010, with a value of $31 Million. He has an MBA from Harvard Business School (Baker Scholar) and a B.A. Sycamore, Belk Near Buyout Deal WWD Over the past 18 months, Sycamore Partners Stefan Kaluzny and Golden Gate Capitals David Dominik are competing for the future of the American mall. Age : 55. The firm has more than $3.5 billion in capital under management. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. , Sycamores $2.5 billion fund, launched in 2014, has returned minus 4 percent thus far, Bloomberg data show.
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