"The buyout shop is known for its aggressive investing style. Sycamore acquired Staples in 2017 for $6.9 billion. Roughly two years later, in 2019, Staples sold debt to refinance existing borrowings, but also to pay a $1 billion dividend to Sycamore, according to Moody’s Investors Service. Staples didn’t respond to a request for comment Monday."
2 replies (most recent on top)
$83 million, and we struggle to make $50,000 a year, boy did we get the shut end of the stick. LOL
Divided by 12 partners, that's 83 million dollar bonus each! Connect the dots.....