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Retail
The Retail Group provides comprehensive strategic and financial advice to retail, apparel and restaurant companies.
The group offers a broad array of products and services including: mergers and acquisitions, debt and equity financings, leveraged finance, derivatives and structured products, real estate financings, senior lending capabilities and private equity.
Our primary business objective is to provide a full-service banking relationship to each of our clients in the retail sector. The Retail Group is regarded as a premier investment banking franchise in the sector, and has executed a steady flow of strategic and financing transactions, including many of the industry's landmark deals over the past several years.
Formed in the mid-1980s, the Retail Group has a reputation for consistency and unbiased advice and execution. The franchise covers the following areas, among others: department stores, discount stores, category killers, specialty retail, apparel and footwear, textiles, supermarkets/drugstores, convenience stores, healthy living, restaurants and foodservice distribution. Our clients are comprised of leading participants in each of these niches, including: Best Buy, Buffets, Cabela's, Claire's, David's Bridal, Levi Strauss, Life Time Fitness, Linens 'n Things, Macy's, Maidenform, Michaels Stores, Neiman Marcus, Party City/Amscan, Petco, PVH, Quizno's, Sbarro, Reebok, Sports Authority, Staples, Supervalu, Tommy Hilfiger, Town Sports, Toys "R" Us, United Natural Foods and Wal-Mart.
Financial sponsor activity in the Retail sector has also been significant and the Group maintains deep relationships with many of the leading private equity firms who are active in the industry.
Selected Recent Transactions
Strategic & Sponsor Related M&A Advisory
- Tommy Hilfiger: Advised Apax Partners on the sale of Tommy Hilfiger to Philips-Van Heusen for $3.2 billion
- Carphone Warehouse: Advised the Company on its $2.1 billion partial sale to Best Buy
- Amscan / Party City: Advised Advent International on the acquisition of a minority stake in Amscan / Party City
- Kellwood: Advised Sun Capital on the $767 million acquisition of Kellwood
- Performance Food Group: Advised Blackstone Group and Wellspring Capital Management on the $1.3 billion acquisition of Performance Food Group
Equity Financing
- Dollarama: Joint Bookrunner on CAD$250 million follow-on, $283 million follow-on and $300 million initial public offering
- Regis Corporation: Joint Bookrunner on $164 million follow-on, Joint Bookrunner on $150 million convert
- H.H. Gregg: Lead-managed $140 million initial public offering and Left Bookrunner on $66 million follow-on
Debt Financing
- SUPERVALU: Joint Bookrunner on $1.5 billion revolver and $500 million Term Loan; Lead Left Bookrunner and Lead Deal Manager on $1.0 billion of Senior Notes
- Wendy's / Arby's: Lead Left Bookrunner on $565 million of Senior Notes
- Roundy's: Sole Bookrunner on $150 million 2nd Lien Term Loan
Secondary Content
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