Staples was bought out by Sycamore Partners in 2017.
The Acquisition of Staples by Sycamore Partners
In a significant move in the retail and business services sector, Sycamore Partners, a private equity firm, completed the acquisition of Staples Inc. in 2017. This strategic buyout aimed to support Staples' ongoing pivot towards a more robust business-to-business (B2B) focus.
Key Details of the Acquisition:
- Acquiring Entity: Sycamore Partners
- Year of Acquisition: 2017
- Total Deal Value: \$6.9 billion
The funding for this substantial acquisition was structured with a combination of equity and debt, reflecting typical private equity leveraged buyout strategies.
| Funding Type | Amount |
|---|---|
| Equity | \$1.6 billion |
| Debt | Remaining deal value (approx. \$5.3 billion) |
This acquisition marked a pivotal moment for Staples as it continued to evolve its business model to better serve the needs of corporate clients and organizations, moving beyond its traditional consumer retail footprint.
