Sycamore Partners

Sycamore seeking substantial Staples payout

March 25, 2019

The private equity firm is hoping to recoup around $1.6 billion (€1.41 billion) through a recapitalisation of Staples Inc., that will leave the supplier with around $1 billion (€884.1 million) of additional debt. According to Bloomberg, the recapitalisation would leave approximately $600 million (€530.4 million) of equity in Staples’ corporate office supply business, which was […]