Investments
The firm primarily seeks investments, less than $100 million in size, that have possible rapid gains in equity, with a significant possibility of liquidity.
On May 15, 2007, Limited Brands announced its intent to sell a 67% stake in Express to Golden Gate Capital Partners. When the sale was finalized in July 2007, Golden Gate's stake in the company was 75% for approximately $550M, instead of the announced 67%.
The firm made a larger investment buying a majority stake in the Romano's Macaroni Grill restaurant chain for $131M in 2008.
In June 2009, the company announced the purchase of the J. Jill brand business from Talbots. In April 2011, the Bahrain-based private equity firm Arcapita bought Jill Acquisitions from Golden Gate.
In the aftermath of the bursting of the Dot-com bubble the firm has shown a pattern of investments in technology companies that may have been distressed by the recession of that time.
Read more about this topic: Golden Gate Capital
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“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)