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Sycamore buys 330 stores from discount retailer Dollar Tree

Sycamore Partners, the private equity firm has agreed to buy 330 stores from discount retailer Dollar Tree. The deal will enable the company to obtain regulatory approval for its $8.5 billion purchase of Family Dollar. It has not been disclosed, how much Sycamore will be paying. According to Dollar Tree, the stores represent about $45.5 million of operating income. Based on the deal, New York-based Sycamore will operate the stores under the Dollar Express Banner, which Dollar Tree had acquired as part of its 2000 acquisition of Philadelphia-based Dollar Express.

Tags:

Buy-out,Deal News,United States,discount retailer,Dollar Tree,private equity,Sycamore Partners,US,sycamore partners,dollar tree,us

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