Apogee Dealt from Golden Gate to Savers Inc.

Apogee Retail LLC, the secondhand goods retailer Golden Gate Capital invested in during 2007, has been mostly sold by the private equity firm to Savers Inc., a strategic buyer. The PE firm will continue to hold a small stake in the business. Terms of the transaction were not disclosed; McColl Partners’ Brian Davis and Lorin J. DeMordaunt worked on the transaction.

PRESS RELEASE:
CHARLOTTE, NC (February 2011) – McColl Partners, LLC acted as financial advisor to Golden Gate Capital in the sale of certain assets of its portfolio company, Apogee Retail, LLC (“Apogee”), to Savers, Inc. (“Savers”).

ABOUT Apogee Retail, LLC

Apogee is a leading specialty retailer of secondhand goods, operating 30 locations across eight states, including Colorado, Kentucky, Maryland, Minnesota, Missouri, New Jersey, New York, and Virginia. Apogee’s management team has pioneered an innovative business model that provides significant value to its customers. Apogee’s stores offer a variety of unique clothing and household goods in appealing shopping environments.

ABOUT GOLDEN GATE CAPITAL

Golden Gate is a San Francisco-based private equity investment firm with approximately $8 billion of assets under management. Golden Gate is dedicated to partnering with world class management teams and targets investments in situations where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate have a long history of investing with management partners across a wide range of industries and transaction types, including leveraged buyouts and recapitalizations, corporate divestitures and spin-offs and build-ups. For more information, visit www.goldengatecap.com .

ABOUT MCCOLL PARTNERS, LLC

McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

For more information about this transaction or our Consumer Group, please contact Lorin DeMordaunt or Matt Preece at 704-333-0525. For more information about opportunities from our Financial Sponsors Group, please contact Brian Davis at 704-333-0136. Additional information about McColl Partners can be found at www.mccollpartners.com .