Sycamore Partners to Acquire Staples

Sycamore Partners to Acquire Staples

New York-based private equity firm Sycamore Partners has announced that it is on track to acquire Staples Inc. The Framingham, Mass.-based office supplies retailer attempted a merger with Office Depot last year before intervention from a U.S. federal judge. According to Reuters, the acquisition by Sycamore could total $6 billion upon its impending closure. Sycamore is in the midst of finalizing a debt financing package as part of its bid.

Staples operates 1,255 U.S. locations and 304 in Canada.

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