Templin Named COO/CFO of Eddie Bauer

Eddie Bauer said Monday that Daniel Templin was named chief operating officer and chief financial office. Most recently, Templin was the CFO of VF Outdoor. Eddie Bauer, a Seattle retailer, is backed by Golden Gate Capital.

Coldwater Creek Closes $65 Mln Loan from Golden Gate Capital

Golden Gate Capital is providing a five-year, $65 million senior secured term loan to Coldwater Creek. The retailer also completed an amendment to a $70 million revolving credit facility with Wells Fargo that matures on May 16, 2016. As part of the deal, Golden Gate has the right to purchase up to 19.9% of Coldwater […]

Collective Brands To Be Broken Up in $2 Bln Sale

A consortium comprised of Wolverine Worldwide, Blum Capital Partners and Golden Gate Capital agreed Tuesday to buy Collective Brands for $21.75 a share, or about $2 billion, including debt. Wolverine Worldwide is buying Collective Brands’ Performance + Lifestyle Group, while Blum Capital and Golden Gate will jointly acquire the operations of Payless ShoeSource and Collective […]

Former Golden Gate VP Joins Marlin

Doug Bayerd has joined Los Angeles-based private equity firm Marlin Equity Partners as a vice president. He previously was a vice president with Golden Gate Capital. ANNOUNCEMENT Doug Bayerd has joined Los Angeles-based private equity firm Marlin Equity Partners as a Vice President. He previously was a Vice President with Golden Gate Capital.

Signet May Be Zale’s Best Hope

Jewelry store operator Zale Corp is trying to recover from a loss in sales but its best hope to prosper may be to strike a deal with larger rival Signet Jewelers, writes Reuters. Zale secured funding from Golden Gate Capital in May 2010. Reuters – Jewelry store operator Zale Corp (ZLC.N) is on the rebound […]

Neways Enterprises Completes Restructuring

Neways Enterprises, Utah-based maker of dietary supplements and personal care products, has completed an out-of-court restructuring to reduce its debt, the company announced. As a result of the transaction, private equity firm Z Capital Partners and funds affiliated with S.A.C. Capital Advisors will own a majority of Neways. Golden Gate Capital will maintain an equity stake, the company said. Terms of the deal were not released.

PacSun To Close up to 200 Stores, Golden Gate Gets Option to Buy Up to 20%

Pacific Sunwear of California is closing about 175 to 200 underperforming stores in the next 14 months. It also completed a $100 milion revolving credit facility with Wells Fargo Capital Finance and a $60 million senior secured term loan with Golden Gate Capital. Golden Gate gets the right to buy up to 20% of PacSun at an exercise price of $1.75 plus two board seats.

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