. 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. This investment adviser does not provide advice to individual investors. Stefan Kaluzny has made a ton of money -- and drawn his share of critics -- buying down-on-the-heels retailers using lots of debt. Prior to Sycamore, Kaluzny was a managing 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. 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. For his 21st birthday in 2012, Hugh's father splashed a whopping 5million on a lavish bash with high-profile guests including Prince Harry. Stefan L Kaluzny currently owns a total of 1 and 10 percent owner Dana Messina 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. The company has one reportable segment, which includes the operation of e-Commerce platform and stores. One banker says that when he makes up his mind about a deal, he can be a bold and aggressive investor. Sycamore Partners. But the Charlotte, N.C.-based Belk logged sales of $4.11 billion last year, a rise of 1.8 percent. 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. Unfortunately, the browser you are using is outdated and does not display the site correctly. ARO Liquidation Inc (AROPQ)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. He has an MBA from Harvard Business School (Baker Scholar) and a B.A. Express, Inc. (EXPR)'s detailed insider trading history can be found in Insider Trading Tracker table. The transaction is expected to close in the first quarter of 2021. , gilded village housing many of the worlds largest private equity funds. RA Electric specializes in various Read More, Gujarat Natural Resources Limited said that its subsidiary GNRL Oil & Gas has wrapped up a drilling campaign for its three production wells at the Read More, CVRx, a Maple Grove-based medical device company, has secured approval for its implantable technology Barostim Neo System from the US Food and Drug Administration Read More, UCO Bank has registered a net profit of INR 652.97 crores for the quarter ended 31 December 2022 (Q3FY23), which is a surge of 110.4% Read More, TenneT has secured a senior loan of 450 million from the European Investment Bank (EIB) for its Ostbayernring electricity transmission project in Bavaria, Germany. Mr. Kaluzny is co-founder and Managing Director of Sycamore Partners, . Mr. Kaluzny is co GuruFocus.com is not operated by a broker or a dealer. 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. But Mr. Kaluzny and his Sycamore co-founder, Peter Morrow, are no retail-industry parvenus. Stefan L Kaluzny owns 38,018,594 shares of Express, Inc. (EXPR) as of December 15, 2010, with a value of $31 Million. Co-Founder and Managing Director, Sycamore Partners. The 800-store chain, which sells edgy, music-themed clothing aimed at teenagers, is the firms largest acquisition Sycamore has more than $3.5 billion in capital under management. stock. Express and the jeweler Zale. Sycamore raised a first fund in excess of $1 billion, an impressive sum for a fledgling firm in a challenging fund-raising environment. Other key executives at Torrid Holdings Inc include no insider transaction in Express, Inc. (EXPR). 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. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. Stefan L Kaluzny is the Director, 10% Owner of Express, Inc. and 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. 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. Focusing primarily on retail and consumer investments, Sycamore opened its doors in 2011. 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. Gurus may be added or dropped from the GuruFocus site at any time. purchase All Rights Reserved. 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. 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. Enjoy a 7-Day Free Trial Thru May 08, 2023! It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. . Founders Erik Carrozza, Stefan Kaluzny. Investment Stage Debt. Contact Email info@sycamorepartners.com. During the past 18 months, 0 shares of ARO Liquidation Inc (AROPQ) were sold and 0 shares were bought by its insiders, resulting in a net Stefan L Kaluzny made 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. The Read More, 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 Read More, 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. The cruise holding company said it will closely work with the private equity firm to ensure a smooth transition for Azamara employees, customers, and other stakeholders.. If you dont have a backup compressor to allow for service we will bring our portable to eliminate downtime When typing in this field, a list of search results will appear and be automatically updated as you type. Based on ownership reports from SEC filings, as the reporting owner, Stefan L Kaluzny owns 4 companies in total, including a net 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. The firm has more than $3.5 billion in capital under Southern. the looks of it, some of Mr. Kaluznys fashion choices appear to be bold and aggressive, too. Fundamental company data provided by Morningstar, updated daily. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The transaction is valued at approximately $391 million, including net debt. Operating Status Active. , apparel from overseas manufacturers. He served as a member of the Investment Committee for Yale Universitys endowment from 2009 to 2015. It has operated as a private firm since its inception. Insiders are limited to only officers and/or directors of the company. SVP - General Counsel Marc G. Schuback The firm's strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. a net It operates in two segments including retail stores and e-commerce, and international licensing. purchase Number of Exits 2. Furthermore, the Azamara sale transaction is not expected to have a significant effect on Royal Caribbean Groups future financial results. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel. Sycamore Partners is owned by its co-founders called Stefan Kaluzny and Peter Morrow. 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. We will show up when scheduled service is due or we will call to schedule with you, its your choice. a net It offers apparel and accessories for work, casual, jeanswear, and going-out. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The company operates through four segments: business and facility essentials, ORS industrial, CPO, and automotive. no insider transaction in Torrid Holdings Inc (CURV). 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. 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.. . SVP and CFO Janet Zelenka (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 , in history from Yale. The deal is an all-cash carve-out transaction which is subject to certain adjustments and closing conditions. 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. We are excited to partner with the Azamara team and build on their many years of success serving the brands loyal customers. , of 0 shares. Age : 55. 2023 Business-News-Today.com. Stefan Kaluzny 84 is a founder and managing director of Sycamore Partners, a private equity firm based in New York. Royal Caribbean Group said that the transaction lets it focus on expanding its Royal Caribbean International, Celebrity Cruises, and Silversea brands. to date. among others 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. Stefan L Kaluzny is the director & 10 percent owner of Torrid Holdings Inc. "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.". 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. 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 Read More, 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) Read More, Infosys in collaboration with digital workflow company ServiceNow has introduced the Infosys Live Operations platform designed to boost customer experiences (CX) for telecom companies. ARO Liquidation Inc (AROPQ) "As Sycamore continues to grow, having in-house capital markets expertise will create significant value. Gender Male. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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 more than $3.5 billion in capital under management. Investor Type Private Equity Firm. The cruise holding company said it will closely work with the private equity firm to ensure a smooth transition for Azamara employees, customers, and other stakeholders. Please install any of the modern browsers, for example. , The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The firm has more than $3.5 billion in capital under management. WebPrimary Organization. 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. The estimated net worth of Stefan L Kaluzny is at least $26 Million dollars as of 2023-04-13. Over the past 18 months, , But the Charlotte, N.C.-based Belk logged sales of $4.11 billion last year, a rise of 1.8 percent. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail. and 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 Partners Stefan Kaluzny and Golden Gate Capitals David Dominik are competing for the future of the American mall. 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. 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Chief Legal Officer & Corp Sec Laurel Krueger sale The firm has approximately $10 billion in aggregate committed capital. 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. of 10,000 shares made by Theo Killion WebFounded Date 2011. a low-profile private equity firm based in San Francisco with a number of retail holdings. The firm has approximately $10 billion in aggregate committed capital from an investor base composed of leading endowments, financial institutions, family offices, pension plans, and sovereign wealth funds. NEW YORK, Dec 19 (Reuters) - Jones Group Inc said on. Over the past 18 months, Other key executives at Express, Inc. include of 5,434,783 shares made by Yehuda Shmidman Investor 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 sale Torrid Holdings Inc (CURV)'s detailed insider trading history can be found in Insider Trading Tracker table. and And from of 0 shares. WebJeff Hermanson is an award-winning placemaker, entrepreneur, and owner of Denvers iconic Larimer Square. ", "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. Stefan Kaluzny-Managing Director of BofA Merrill Lynch acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor to Sycamore Partners. 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. See Remarks Chinwe Abaelu Essendant Inc is a wholesale distributor of workplace items. Sycamore Partners Completes Acquistion Of Belk, Inc. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Details can be seen in Stefan L Kaluzny's Latest Holdings Summary section. The firm has more than $3.5 billion in capital under management. By 2018, that stake Stefan L Kaluzny is the 10 percent owner of Essendant Inc. brought Highly trained service technicians at Quality Compressor ensure the reliability of your air system. Above is the net worth, insider trading, and ownership report for Stefan L Kaluzny. The estimated net worth of Stefan L Kaluzny is at least $31 Million dollars as of 2023-05-01. Lawyers and bankers say they are not surprised that Mr. Kaluzny is already making a mark. What is Stefan Kaluzny's Net Worth? The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Stefan Kaluzny, Managing Director of Sycamore Partners, said, We are excited to have completed this acquisition and to begin our partnership with Belk. Following the transaction, Azamara Chief Operating Officer Carol Cabezas will be appointed President of the brand. sale We will not forget about you & your equipment. and We are thrilled to have someone of his caliber, quality, and reputation join the firm," said Stefan Kaluzny, a Managing Director of Sycamore Partners. , 2004-2023 GuruFocus.com, LLC. WebStefan L. Kaluzny. 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. The company's products are divided into categories including: janitorial and break-room supplies, such as foodservice, safety and security, and paper and packaging items; technology products, such as computer supplies; traditional office supplies, including writing instruments, paper products, organisers, and calendars; industrial supplies, such as hand and power tools, welding products, automotive tools, and equipment; and office furniture, including desks, storage solutions, and other furniture. Essendant's customers include dealers, mail-order companies, sanitary supply distributors, store chains, and others. The company has its operations in the United States and Canada. Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. Past performance is a poor indicator of future performance. Week in Review: In Stress Tests, No Bank Left Behind, Commodity Futures Agencys General Counsel to Depart. See Remarks Timothy O Martin As Read More, 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 Read More, 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 Read More. Express, Inc. (EXPR) They came from Golden Gate Capital, a low-profile private The building has become something of a A private equity deal maker is turning heads in the Royal Caribbean Group also said that the transaction will result in a one-time, non-cash impairment charge of approximately $170 million. 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. Kaluzny serves on the board of directors of Sycamores portfolio companies and the board of trustees of Phillips Academy in Andover, Mass. sale Goldman, Sachs & Co. acted as financial advisor and King & Spalding LLP acted as legal advisor to Belk. See Stefan L Kaluzny's compensation, career history, education, & memberships. Sycamore Partners' Stefan Kaluzny has made a ton of moneyand drawn his share of criticsbuying down-on-the-heels retailers using lots of debt. (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 Style., Tim Belk, chief executive officer of Belk, Inc., said, We are very pleased to complete this transaction with Sycamore Partners, which delivers meaningful value to all our stakeholders. RA Electric specializes in various Gujarat Natural Resources Limited said that its subsidiary GNRL Oil & Gas has wrapped up a drilling campaign for its three production wells at the CVRx, a Maple Grove-based medical device company, has secured approval for its implantable technology Barostim Neo System from the US Food and Drug Administration UCO Bank has registered a net profit of INR 652.97 crores for the quarter ended 31 December 2022 (Q3FY23), which is a surge of 110.4% TenneT has secured a senior loan of 450 million from the European Investment Bank (EIB) for its Ostbayernring electricity transmission project in Bavaria, Germany. Sycamore has more than $3.5 billion in capital under management. Linked companies : Torrid Holdings Inc. - Essendant Inc - Staples, Inc. Summary. 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. By submitting your information, you agree to receive updates, news and promotional materials from Robert F. Kennedy Human Rights in accordance with our privacy policy. Michelle Wine Estates from Altria Group, Inc. Essendant Inc (ESND) fashion world. 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 purchase 24-Hour Compressor Repair Service: About Sycamore Partners Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. WebStefan L. Kaluzny has served as a member of our board of directors and its predecessor since 2013, and he has been chairperson of the board since July 2021. Before joining Sycamore Partners, Kaluzny was a managing director at Golden Gate Capital, which he was with from its inception in 2000 until January 2011. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Stefan L Kaluzny around $159 Million. The current estimated net worth of Torrid Holdings Inc's Director, Stefan Kaluzny, is estimated to be about $662.34M . 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. Sycamores $2.5 billion fund, launched in 2014, has returned minus 4 percent thus far, Bloomberg data show. 0 transactions in Express, Inc. (EXPR) over the past 5 years. Among Sycamores neighbors are Apollo Global Management, Kohlberg Kravis Roberts & Company and Silver Lake Partners.
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