See Stefan L Kaluzny's compensation, career history, education, & memberships. Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. Tata Consultancy Services (TCS) has announced an expanded partnership with Marks and Spencer (M&S) for transforming the core technology stack of the British retailer for Read More, Tech Mahindra has posted a decline of 25.8% in its profit after tax (PAT) for the fourth quarter of the fiscal year 2023 (Q4 FY23) Read More, Infosys in collaboration with digital workflow company ServiceNow has introduced the Infosys Live Operations platform designed to boost customer experiences (CX) for telecom companies. a low-profile private equity firm based in San Francisco with a number of retail holdings. All rights reserved. We look forward to working with Belks management team and associates as they build on the Companys legacy and continue to serve its customers and deliver Modern. Based on ownership reports from SEC filings, as the reporting owner, Stefan L Kaluzny owns 4 companies in total, including Jones Group Inc said on Thursday it had agreed to be bought by Sycamore Partners for $15 per share, or $1.2 billion, the latest purchase of a fashion company by the private equity firm. Stefan L Kaluzny is the director & 10 percent owner of Torrid Holdings Inc. "As Sycamore continues to grow, having in-house capital markets expertise will create significant value. Fashions, a division of Limited Brands that sources of 0 shares. sale Other key executives at Essendant Inc include Stefan L Kaluzny is WebStefan L. Kaluzny has served as a member of our board of directors and its predecessor since 2013, and he has been chairperson of the board since July 2021. Stefan L Kaluzny made sale Mr. Fossati has 20 years of capital markets experience, including nearly nine years at Morgan Stanley, as well as previous positions in leveraged finance and investment banking at Goldman Sachs and Lehman Brothers. brought sale Stefan Kaluzny-Managing Director of In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Now, Kaluznys Sycamore Partners is under scrutiny again, after completing a deal that left even seasoned leveraged-buyout experts agog. We are excited to partner with the Azamara team and build on their many years of success serving the brands loyal customers. RA Electric specializes in various Read More, Gujarat Natural Resources Limited said that its subsidiary GNRL Oil & Gas has wrapped up a drilling campaign for its three production wells at the Read More, CVRx, a Maple Grove-based medical device company, has secured approval for its implantable technology Barostim Neo System from the US Food and Drug Administration Read More, UCO Bank has registered a net profit of INR 652.97 crores for the quarter ended 31 December 2022 (Q3FY23), which is a surge of 110.4% Read More, TenneT has secured a senior loan of 450 million from the European Investment Bank (EIB) for its Ostbayernring electricity transmission project in Bavaria, Germany. Founders Erik Carrozza, Stefan Kaluzny. of 0 shares. But the Charlotte, N.C.-based Belk logged sales of $4.11 billion last year, a rise of 1.8 percent. Highly trained service technicians at Quality Compressor ensure the reliability of your air system. Sycamore has more than $3.5 billion in capital under management. Royal Caribbean Group said that the transaction lets it focus on expanding its Royal Caribbean International, Celebrity Cruises, and Silversea brands. among others The company has its operations in the United States and Canada. Following the transaction, Azamara Chief Operating Officer Carol Cabezas will be appointed President of the brand. Express, Inc. (EXPR)'s detailed insider trading history can be found in Insider Trading Tracker table. Jones Group Inc said on Thursday it had agreed to be bought by Sycamore Partners for $15 per share, or $1.2 billion, the latest purchase of a fashion company by the private equity firm. director & President and CEO Aiken Robert Blaine Jr The company operates through four segments: business and facility essentials, ORS industrial, CPO, and automotive. WebStefan L. Kaluzny. In summary, during the past 3 months, insiders sold 0 shares of ARO Liquidation Inc (AROPQ) in total and bought 0 shares, with a net Details can be seen in Stefan L Kaluzny's Latest Holdings Summary section. The Wipro Q4 FY2023 results : Indian IT company Wipro has reported a net income of INR 30.93 billion ($376 million) for the fourth quarter of Indian tech firm LTIMindtree has bagged a multi-million-dollar deal from British consumer electronics company Currys plc to serve as the latters key digital transformation partner. Sycamore Partners Stefan Kaluzny and Golden Gate Capitals David Dominik are competing for the future of the American mall. Michael Freitag, Sharon Stern or Leigh Parrish Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449, Cision Distribution 888-776-0942 Stefan L Kaluzny around $159 Million. Chief Legal Officer & Corp Sec Laurel Krueger The Company has developed a loyal base of customers over its 127-year history, and we believe Belk is positioned for continued growth and success. October 01, 2021 NEW YORK, Oct. 1, 2021 /PRNewswire/ -- Sycamore Partners, a private equity firm specializing in consumer, retail, and distribution investments, today announced that it has completed its acquisition of Ste. and Belk offers many ways to connect via digital and social media, including Facebook, Pinterest, Twitter, Instagram, YouTube and Google Plus, and provides exclusive offers, fashion updates, sales notifications and coupons via email or mobile phone text messages. Other key executives at ARO Liquidation Inc include During the past 18 months, 0 shares of Express, Inc. (EXPR) were sold and 5,434,783 shares were bought by its insiders, resulting in a net The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Prior to that, Kaluzny was co-founder and CEO of Delray Farms, a Hispanic specialty food company, and he has held positions at consulting firms Bain & Company and LEK. Above is the net worth, insider trading, and ownership report for Stefan L Kaluzny. , The cruise holding company said it will closely work with the private equity firm to ensure a smooth transition for Azamara employees, customers, and other stakeholders. and Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Stefan Kaluzny-Managing Director of Sycamore Partners said: We are pleased that Royal Caribbean Group has entrusted Sycamore to support Azamara in its next phase of growth. The firm has more than $3.5 billion in capital under management. Stefan Kaluzny, who started the buyout firm Sycamore Partners just two years ago, has made a couple of splashy purchases straight out of the gate. Location New York, New York, United States. We will not forget about you & your equipment. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. The firm has more than $3.5 billion in capital under management. Please install any of the modern browsers, for example. , WebStefan L. Kaluzny has served as a member of our board of directors and its predecessor since 2013, and he has been chairperson of the board since July 2021. It operates in two segments including retail stores and e-commerce, and international licensing. Essendant's customers include dealers, mail-order companies, sanitary supply distributors, store chains, and others. Phone Number 212.292.0345. purchase What is Stefan Kaluzny's Net Worth? Founder of Sycamore Partners LLC and Delray Farms LLC, Essendant Inc (ESND)'s detailed insider trading history can be found in Insider Trading Tracker table. fashion world. ARO Liquidation Inc (AROPQ) In summary, during the past 3 months, insiders sold 0 shares of Essendant Inc (ESND) in total and bought 0 shares, with a net Richard D. Fain Chairman and CEO of Royal Caribbean Group said: Our strategy has evolved into placing more of our resources behind three global brands, Royal Caribbean International, Celebrity Cruises and Silversea, and working to grow them as we emerge from this unprecedented period. The firm's strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. According to the SEC Form 4 filings, Stefan L Kaluzny has made a total of Contact Email info@sycamorepartners.com. Stefan Kaluzny is a co-founder and managing director of Sycamore Partners, a New York-based private equity firm specializing in consumer, distribution, and retail-related investments. a net and sale It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel. "Paul is a well-respected finance professional with two decades of capital markets experience. Goldman, Sachs & Co. acted as financial advisor and King & Spalding LLP acted as legal advisor to Belk. 0 transactions in Express, Inc. (EXPR) over the past 5 years. of 7,225 shares. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The private equity firm run by Stefan Kaluzny agreed to buy a 55% stake from L Brands Inc. that values the lingerie seller at $1.1 billion. Investor In this role, Mr. Fossati will serve as Director of Capital Markets and will be responsible for all financings for new investments and for the firm's portfolio companies. And from and Essendant Inc is a wholesale distributor of workplace items. 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Following the transaction, Azamara Chief Operating Officer Carol Cabezas will be appointed President of the brand. no insider transaction in Torrid Holdings Inc (CURV). Stefan Kaluzny, who started the buyout firm Sycamore Partners just two years ago, has made a couple of splashy purchases, including the $600 million deal for the retail chain Hot Topic. a net See Remarks Timothy O Martin Read More, German wind turbine manufacturer Nordex Group has bagged an o contract for the 62.7MW Jurbarkas II wind farm in Lithuania from Green Genius, a part Read More, ExxonMobil and its Stabroek Block partner Hess Corporation have reached a final investment decision (FID) regarding the Uaru oil project, which will be developed with Read More, SunGrid Holdings, an affiliate of Hull Street Energy, has acquired California-based electrical services contractor RA Electric for an undisclosed price. Michelle Wine Estates from Altria Group, Inc. Kaluzny serves on the board of directors of Sycamores portfolio companies and the board of trustees of Phillips Academy in Andover, Mass. of 2,775 shares made by Anne Stephenson Stefan Kaluzny, Sycamore Partners managing director, said in a statement the firm has great respect for Belks management team, employees, brand, store footprint and growing online presence. In summary, during the past 3 months, insiders sold 0 shares of Torrid Holdings Inc (CURV) in total and bought 0 shares, with a net This means that when you are one of Quality Compressors customers, there is always a trained service technician nearby. For his 21st birthday in 2012, Hugh's father splashed a whopping 5million on a lavish bash with high-profile guests including Prince Harry. no insider transaction in Express, Inc. (EXPR). WebStefan is a Founder and Managing Director of Sycamore Partners, a private equity firm specializing in consumer, distribution, and retail with approximately $10 billion in assets Over the past 18 months, The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Sycamore made its first deal when it acquired a 51 percent stake in Mast Global Stefan L Kaluzny is the other: Former Director and 10% Owner of ARO Liquidation Inc. gilded village housing many of the worlds largest private equity funds. 2004-2023 GuruFocus.com, LLC. SVP & CFO and Treasurer Jason N Judd All Rights Reserved. Express, Inc. is a United States-based specialty apparel retailer. The transaction is valued at approximately $391 million, including net debt. Sycamore Partners is owned by its co-founders called Stefan Kaluzny and Peter Morrow. Royal Caribbean Group also said that the transaction will result in a one-time, non-cash impairment charge of approximately $170 million. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. We are pleased to have completed this acquisition and are ready to deliver on the This investment adviser does not provide advice to individual investors. Only the transactions in Open Market or Private Sale at the market prices are included. The current estimated net worth of Torrid Holdings Inc's Director, Stefan Kaluzny, is estimated to be about $662.34M . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Enjoy a 7-Day Free Trial Thru May 08, 2023! Past performance is a poor indicator of future performance. They came from Golden Gate Capital, a low-profile private Stefan L Kaluzny made One banker says that when he makes up his mind about a deal, he can be a bold and aggressive investor. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. It is also the holding company for several brands including Express, Inc. (January 2021), Azamara Cruises (Acquired He has an MBA from Harvard Business School (Baker Scholar) and a B.A. sale of 5,434,783 shares made by Yehuda Shmidman In the fiscal year ended January 31, 2015, the Company and its associates, customers and vendors donated more than $21.5 million to communities within Belk market areas. Other recent insider transactions involving Express, Inc. (EXPR) include He will also be responsible for managing the firm's relationships with financing sources. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. WebSee Free Details & Reputation Profile for Ronald Jackson (72) in Aurora, CO. Includes free contact info & photos & court records. EVP & Aeropostale Emilia Fabricant Coming to the subject of ownership of Sycamore Partners, heres what we know. Since acquiring Larimer Square in 1993, Jeffs leadership and placemaking expertise has transformed the block into one of the most recognized collections of independent boutiques and chef-driven restaurants in the state, consistently ranking , But Mr. Kaluzny and his Sycamore co-founder, Peter Morrow, are no retail-industry parvenus. True Green Capital Management (TGC) has agreed to acquire a majority stake in CleanChoice, a US-based direct-to-consumer (D2C) clean energy provider, for an undisclosed sum. See Remarks Chinwe Abaelu Sycamores $2.5 billion fund, launched in 2014, has returned minus 4 percent thus far, Bloomberg data show. The Hot Topic purchase came after last summers acquisition of Talbots, the struggling womens wear chain, for about $400 million. The Read More, Wipro Q4 FY2023 results : Indian IT company Wipro has reported a net income of INR 30.93 billion ($376 million) for the fourth quarter of Read More, Indian tech firm LTIMindtree has bagged a multi-million-dollar deal from British consumer electronics company Currys plc to serve as the latters key digital transformation partner. Focusing primarily on retail and consumer investments, Sycamore opened its doors in 2011. We are thrilled to have someone of his caliber, quality, and reputation join the firm," said Stefan Kaluzny, a Managing Director of Sycamore Partners. Insiders are limited to only officers and/or directors of the company. The most-recent trade in Express, Inc. is the Number of Exits 2. "I look forward to partnering with our financing providers to help continue to drive the success and growth that Sycamore Partners has enjoyed since its founding.". Fundamental company data provided by Morningstar, updated daily. A private equity deal maker is turning heads in the of 5,434,783 shares. The firm has more than $3.5 billion in capital under management. Sycamore Partners is all in. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail. Sycamore Partners today announced that it has completed its acquisition of Belk, Inc. (Belk or the Company). The firm's investment portfolio currently includes Aeropostale, Coldwater Creek, Dollar Express, EMP Merchandising, Hot Topic, the Kasper Group, Kurt Geiger, MGF Sourcing, Nine West Holdings, Talbots and Torrid. Sycamores $2.5 billion fund, launched in 2014, has returned minus 4 percent thus far, Bloomberg data show. It is focused on fit and offers high quality products across a broad assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories. Charlotte, NC-based Belk, Inc. (www.belk.com) is the nation's largest family owned and operated department store company with 296 Belk stores located in 16 Southern states and a growing digital presence. of Thursday it had agreed to be bought by Sycamore Partners for $15 Unfortunately, the browser you are using is outdated and does not display the site correctly. Tata Consultancy Services (TCS) has announced an expanded partnership with Marks and Spencer (M&S) for transforming the core technology stack of the British retailer for Tech Mahindra has posted a decline of 25.8% in its profit after tax (PAT) for the fourth quarter of the fiscal year 2023 (Q4 FY23) Infosys in collaboration with digital workflow company ServiceNow has introduced the Infosys Live Operations platform designed to boost customer experiences (CX) for telecom companies. Click here to see the complete history of Stefan L Kaluznys form 4 insider trades. Royal Caribbean Group, an American global cruise holding company, has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a private equity firm, for $201 million. During the past 18 months, 0 shares of Essendant Inc (ESND) were sold and 0 shares were bought by its insiders, resulting in a net ", "After working for years with the talented team at Sycamore Partners as my client, I am very excited to join the firm," Mr. Fossati said. By submitting your information, you agree to receive updates, news and promotional materials from Robert F. Kennedy Human Rights in accordance with our privacy policy. The firm has more than $3.5 billion in capital under a net Lawyers and bankers say they are not surprised that Mr. Kaluzny is already making a mark. Sycamore Partners Completes Acquistion Of Belk, Inc. Its belk.com website offers a wide assortment of national brands and private label fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home. Sycamore has more than $3.5 billion in capital under management. Founded in 1888 by William Henry Belk in Monroe, NC, the company is in the third generation of Belk family leadership and has been committed to community involvement since its inception. Underscoring its grand ambitions, the firm took space on the 31st floor of 9 West 57th St., one New Yorks fanciest office towers with commanding views of Central Park. , . During the past 18 months, 2,775 shares of Torrid Holdings Inc (CURV) were sold and 10,000 shares were bought by its insiders, resulting in a net Our partnership with Sycamore will contribute to Belks continued success, and we look forward to leveraging Sycamores deep knowledge of the retail market to best serve our dedicated customers and provide even greater opportunities for our valued team members.. The firm has more than $3.5 billion in capital under management. Stefan Kaluzny 84 is a founder and managing director of Sycamore Partners, a private equity firm based in New York.