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BUSINESS
June 29, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Orange County advertising network Specific Media and Bay Area private equity firm Golden Gate Capital are finalists in the bidding for struggling social network Myspace, people familiar with the matter confirmed. News Corp. had hoped the once-dominant Myspace would fetch as much as $100 million, but bidding is in the range of $20 million to $30 million in cash and stock, said the people, who declined to be identified because talks are confidential. The media giant, which is controlled by Rupert Murdoch and paid $580 million for Myspace in July 2005, would retain a minority stake in the site, a person familiar with the matter has said.
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BUSINESS
February 14, 2014 | Bloomberg News
HAMPSTEAD, Md. - Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million that will help strengthen its men's wear business and diversify its offerings. The deal comes as Jos. A. Bank is being pursued by rival Men's Wearhouse Inc. Shares of Jos. A. Bank fell more than 3 percent in Friday premarket trading as investors may believe the Eddie Bauer deal makes a transaction with Men's Wearhouse less likely. Men's Wearhouse shares fell almost 9 percent ahead of the market opening.
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BUSINESS
May 26, 2011 | By Sharon Bernstein, Los Angeles Times
After more than a year of searching for a buyer, California Pizza Kitchen said Wednesday that it would be acquired by the private equity firm Golden Gate Capital for $470 million. If the deal is approved by CPK's shareholders, San Francisco-based Golden Gate will begin to buy out the restaurant chain's shares next month. Golden Gate has also purchased stakes in On the Border Mexican Grill and Romano's Macaroni Grill. It owns a number of retail chains, including Eddie Bauer, Express and J.Jill.
BUSINESS
May 2, 2012 | By Tiffany Hsu, Los Angeles Times
Collective Brands Inc., which owns footwear brands such as Sperry Top-Sider and Keds as well as the retailer Payless ShoeSource, will be split in two by multiple buyers in a purchase valued at $2 billion, including debt. Wolverine Worldwide, Blum Capital and Golden Gate Capital formed an acquisition company to buy Collective for $21.75 a share. The deal was unanimously approved by Collective's board and is expected to close by early in the fourth quarter. The price represents a 104% premium on Collective's 30-day average stock price before Aug. 24, when the company first announced that it was looking into a strategic and financial shift for its operations.
BUSINESS
June 9, 2009 | Times Wire Reports
Talbots Inc. agreed to sell almost all the assets of its J. Jill brand to an affiliate of private equity firm Golden Gate Capital for about $75 million. J. Jill will still operate from Quincy, Mass., under President Paula Bennett, Talbots said. The buyer will retain a distribution center in New Hampshire and keep open 204 of the existing 279 J. Jill stores. Talbots said it would probably close the remaining shops within 60 days.
BUSINESS
April 12, 2005 | Josh Friedman
Irvine-based chip maker TDK Semiconductor Corp. has been sold to San Francisco investment firm Golden Gate Capital for an undisclosed sum, the companies said Monday. TDK Semiconductor was a unit of TDK USA Corp., the American arm of Japanese electronics conglomerate TDK Corp. TDK Semiconductor will retain its current management team and remain headquartered in Irvine, but it will be renamed, Golden Gate said. Golden Gate invests directly in businesses and manages more than $2.
BUSINESS
May 1, 2012
The owner of the shoe store chains Payless and Stride Rite is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies. Collective Brands Inc., which has been looking for a buyer, has agreed to an offer from a group including Hush Puppies owner Wolverine Worldwide Inc. and two private investment firms. The buyer, which also includes Blum Capital Partners and Golden Gate Capital, will pay $21.75 for each Collective Brands share. That is a 5 percent premium to Collective Brands' closing price of $20.77 on Monday.
BUSINESS
August 19, 2008 | From the Associated Press
Brinker International Inc., owner of the Chili's Grill & Bar chain, said Monday that it would sell a majority stake in Romano's Macaroni Grill to a private equity firm. Under the agreement, Brinker would sell most of its stake to Mac Acquisition -- a unit of San Francisco-based Golden Gate Capital -- for $131.5 million in cash. Brinker would then turn over $6 million to Mac Acquisition to hold on to a 19.9% stake in the brand. "Brinker International will retain a minority ownership position in order to both maximize the value to Brinker's shareholders and contribute to the success of Macaroni Grill as a stand-alone entity," Brinker Chief Executive Doug Brooks said in a statement.
BUSINESS
February 14, 2014 | By Ricardo Lopez
Jos. A. Bank Clothiers Inc., the repeated target of an acquisition by Men's Wearhouse, said Friday it will buy retailer Eddie Bauer in a deal worth $825 million in cash and stock.  Jos. A. Bank, the Hampstead, Md.-company, said it will pay $564 million in cash and about 4.7 million new shares at $56 a share to Eddie Bauer's owner, Golden Gate Capital, a private-equity firm, which will own nearly 17% of Jos. A. Bank shares. The company said it has been looking for companies to acquire in recent years, and said Eddie Bauer was one of its first choices.  "The acquisition of Eddie Bauer solidifies Jos. A. Bank's leadership in men's apparel and adds new categories such as women's apparel and footwear, to create a powerful, diversified, multi-branded retail platform," Jos. A. Bank said in a statement.
BUSINESS
August 6, 2010 | By P.J. Huffstutter, Los Angeles Times
As California Pizza Kitchen Inc. announced that its second-quarter earnings weren't quite as grim as expected, rumors bubbled over a reportedly dead deal between the casual dining chain and its would-be buyer, private-equity firm American Securities Capital Partners. The Los Angeles-based company declined Thursday to comment on talk about whether a deal was quashed, as was reported this week in the New York Post. The company, which offers unusual items such as Korean barbecue steak tacos and pear and gorgonzola pizza, reported net income of $4.2 million, or 17 cents a share, for the quarter ended July 4. That's a drop of just over 31% from $6.1 million, or 25 cents, a year earlier.
BUSINESS
May 1, 2012
The owner of the shoe store chains Payless and Stride Rite is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies. Collective Brands Inc., which has been looking for a buyer, has agreed to an offer from a group including Hush Puppies owner Wolverine Worldwide Inc. and two private investment firms. The buyer, which also includes Blum Capital Partners and Golden Gate Capital, will pay $21.75 for each Collective Brands share. That is a 5 percent premium to Collective Brands' closing price of $20.77 on Monday.
NEWS
January 26, 2012 | By Matea Gold and Tom Hamburger
Some investments listed in Mitt and Ann Romney's 2010 tax returns - including a now-closed Swiss bank account and other funds located overseas - were not explicitly disclosed in the personal financial statement the GOP presidential hopeful filed in August as part of his White House bid. The Romney campaign described the discrepancies as “trivial” but acknowledged Thursday afternoon that they are undergoing an internal review of how the...
BUSINESS
June 29, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Orange County advertising network Specific Media and Bay Area private equity firm Golden Gate Capital are finalists in the bidding for struggling social network Myspace, people familiar with the matter confirmed. News Corp. had hoped the once-dominant Myspace would fetch as much as $100 million, but bidding is in the range of $20 million to $30 million in cash and stock, said the people, who declined to be identified because talks are confidential. The media giant, which is controlled by Rupert Murdoch and paid $580 million for Myspace in July 2005, would retain a minority stake in the site, a person familiar with the matter has said.
BUSINESS
May 26, 2011 | By Sharon Bernstein, Los Angeles Times
After more than a year of searching for a buyer, California Pizza Kitchen said Wednesday that it would be acquired by the private equity firm Golden Gate Capital for $470 million. If the deal is approved by CPK's shareholders, San Francisco-based Golden Gate will begin to buy out the restaurant chain's shares next month. Golden Gate has also purchased stakes in On the Border Mexican Grill and Romano's Macaroni Grill. It owns a number of retail chains, including Eddie Bauer, Express and J.Jill.
BUSINESS
August 6, 2010 | By P.J. Huffstutter, Los Angeles Times
As California Pizza Kitchen Inc. announced that its second-quarter earnings weren't quite as grim as expected, rumors bubbled over a reportedly dead deal between the casual dining chain and its would-be buyer, private-equity firm American Securities Capital Partners. The Los Angeles-based company declined Thursday to comment on talk about whether a deal was quashed, as was reported this week in the New York Post. The company, which offers unusual items such as Korean barbecue steak tacos and pear and gorgonzola pizza, reported net income of $4.2 million, or 17 cents a share, for the quarter ended July 4. That's a drop of just over 31% from $6.1 million, or 25 cents, a year earlier.
BUSINESS
July 18, 2009 | Nancy Rivera Brooks
San Francisco investment firm Golden Gate Capital has won the bankruptcy auction for the Eddie Bauer chain with a $286-million offer, besting several liquidators with a plan to keep open most of the outdoor-clothing retailer's 370 stores in the U.S. and Canada. Eddie Bauer Holdings Inc., based in Bellevue, Wash., attracted several bidders, including liquidators Great American Group, Hilco Consumer Capital and Gordon Bros. Group, as well as Iconix Brand Group Inc., which owns Rocawear clothing.
BUSINESS
July 26, 2008 | E. Scott Reckard, Times Staff Writer
Just as "Iron Man" was scaling new heights at the box office in May, executives at IndyMac Bank were attempting last-minute heroics to save the faltering Pasadena mortgage lender. Their effort, dubbed Project Iron Man, was a bid to assemble a group of private-equity firms to pump cash into IndyMac and become its controlling shareholders. The endeavor sheds some light on why regulators permitted the savings and loan to continue in business until a run on deposits finally triggered a government takeover July 11. The failure is expected to cost the Federal Deposit Insurance Corp.
BUSINESS
June 9, 2009 | Times Wire Reports
Talbots Inc. agreed to sell almost all the assets of its J. Jill brand to an affiliate of private equity firm Golden Gate Capital for about $75 million. J. Jill will still operate from Quincy, Mass., under President Paula Bennett, Talbots said. The buyer will retain a distribution center in New Hampshire and keep open 204 of the existing 279 J. Jill stores. Talbots said it would probably close the remaining shops within 60 days.
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