All Posts

In 2014 this restaurant chain was acquired by Golden Gate Capital for approximately two point one billion dollars. Soon after acquisition the real estate beneath hundreds of locations was sold. Over five hundred properties were transferred to a separate landlord entity generating roughly one point five billion dollars in proceeds. Rent replaced ownership overnight. Annual lease obligations rose above one hundred ninety million dollars. Operating margins narrowed immediately.

In 2015 this company was purchased for thirty three billion dollars in the largest retail buyout of its decade. The buyers were BC Partners KKR Apollo Global Management Carlyle Group. More than eight billion dollars of debt was placed directly onto the company balance sheet. Cash flow immediately became the organizing principle. Interest expenses exceeded four hundred million dollars per year. Capital spending slowed across stores. Labor hours tightened. Grooming services rem

The Death Of Toys "R" Us

Casualties in the hands of Private Equity Firms

Private Equity is buying up the Planet