.
MergerLinks Header Logo

New Deal


Announced

Completed

TZP Group and Nuveen completed the acquisition of America's Thrift Stores from Alpine Investors.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

United States

Acquisition

Completed

Domestic

Single Bidder

Hostile

Private Equity

secondhand retailer

Majority

Apparel Retailers

Synopsis

Edit

TZP Group, a private equity firm, and Nuveen, an asset manager and wholly owned subsidiary of financial planning firm TIAA, completed the acquisition of America's Thrift Stores, a secondhand retailer and an emerging e-commerce operation, from Alpine Investors. Financial terms were not disclosed. "We're thrilled to partner with TZP and Nuveen to bring fresh ideas and approaches to grow our business. Our firms are aligned with common values and principles that will set us up well for success. We couldn't think of better investment partners to support our expansion efforts and enable America's Thrift to serve its stakeholders and communities," Ken Sobaski, America's Thrift CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US