Sycamore and Talbots sew up $193 million deal
Hingham, Mass. -- After announcing that talks between private equity firm Sycamore Partners and Talbots had ended, then issuing an update that negotiations had resumed but without exclusivity, the pair said Thursday that a deal has been struck.
Sycamore Partners is acquiring the apparel retailer for approximately $193.3 million, according to Thursday’s announcement.
Including debt, the deal is valued at close to $369 million.