Staples sale still a possibility
| 02 May, 2017
Cerberus Capital Management and Sycamore Partners have been cited as the two private equity firms actively exploring an acquisition of Staples, according to CNBC.
CNBC reports sources familiar with the matter saying that “Cerberus and Sycamore have emerged as the frontrunners, as other prospective buyers have become discouraged by the challenges Staples faces in shifting its business model from serving consumers to catering to companies.”
The sources added that “a major hurdle for private equity firms in putting together an acquisition plan is foreseeing how they can successfully cash out on their investment a few years down the line.”