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Office Depot gets a lifeline

Posted Jun 23rd 2009 2:40PM by Tom Taulli (RSS feed)
Filed under: Wal-Mart (WMT), Private Equity, Office Depot (ODP)

For private equity investors, one of the worst sectors has been retailing. Just look at some of the failed deals: Goody's, Linens 'n Things, Mervyns, and so on.

Despite the carnage, it looks like private equity operators are seeing opportunity in the sector. For example, CCMP Capital Advisors recently agreed to pay $202 million for defunct Eddie Bauer.

And, this week we got another deal: BC Partners announced a $350 million direct investment in Office Depot (NYSE: ODP).

Continue reading Office Depot gets a lifeline

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