WhiteHawk Capital Partners' financing for the Family Dollar acquisition has been handled by Sidley.
In a significant move for the retail industry, the acquisition of Family Dollar Stores has been completed by a consortium of private equity firms, including Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co. The new leadership team, headed by Duncan MacNaughton as Chairman and CEO, is now in charge of the iconic discount retailer.
However, despite the widespread announcement, a key aspect of the deal remains shrouded in mystery - the financial and legal advisors to WhiteHawk Capital Partners, the financing provider for the acquisition.
A thorough search through available search results has not yielded any direct evidence identifying the specific advisors involved in the transaction. While it is confirmed that WhiteHawk Capital provided a loan to support the acquisition, the details about the investment banks, law firms, or other advisors who advised WhiteHawk, or the key team members at WhiteHawk or its partners, remain undisclosed.
The financing was a crucial part of the acquisition, with WhiteHawk acting as lead agent on a USD 1.5 billion asset-based loan. The loan, along with an asset-based revolving facility led by Wells Fargo, was used by Brigade Capital Management and Macellum Capital Management to acquire Family Dollar Stores from Dollar Tree for USD 1.007 billion.
International law firm Sidley Austin advised WhiteHawk Capital Partners on the financing. The Sidley team, led by Robert Golub, Matthew A Clemente, Grace Jamgochian, and Dan Altman, along with associates Zack C Hampel, Jacques Zelnik, Curt Ostosh, Joe Zenruffinen, Daniel F Burkhart, Rachel Schatz, and Andrew B Smith, provided legal counsel to WhiteHawk.
Meanwhile, Dollar Tree, with a focus on its core business, aims to accelerate growth, innovate faster, and unlock its full potential as a category leader in value retail. Mike Creedon, CEO of Dollar Tree, expressed that the completion of the transaction marks a defining moment for Dollar Tree.
Despite the lack of information about WhiteHawk's advisors, the acquisition of Family Dollar Stores by Brigade Capital Management and Macellum Capital Management is a significant development in the retail industry, and its implications are likely to be closely watched in the coming months. More detailed transaction announcements or filings would be needed to answer questions about the advisors and deal team for WhiteHawk Capital Partners precisely.
In light of this development, it remains unclear which investment banks or law firms were involved in assisting WhiteHawk Capital Partners, the financing provider, during the acquisition of Family Dollar Stores. Interestingly, the legal advising role for WhiteHawk was handled by the international law firm Sidley Austin.
