The Limited Owner Almost Doubles Investment, But Closing All Stores

1/9/17

Sun Capital Partners Inc, the private equity owner of Limited Stores LLC, disclosed on Friday it has almost doubled its investment in the troubled U.S. women’s apparel retailer, even as it announced that it will shut all approximately 250 The Limited stores amid losses.

Sun Capital Partners told investors in a letter that it has made 1.8 times its $50 million investment in Limited Stores, thanks to prior distributions and dividends, according to an email to investors seen by Reuters.

Sun Capital also said in the letter that it is writing down the remaining equity value of Limited Stores to zero.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.