Home / Knowledge / News / Apparel/Garments / Golden Gate completes acquisition of Pacific Sunwear
Golden Gate completes acquisition of Pacific Sunwear
Sep '16
Courtesy: Pacsun
Courtesy: Pacsun
Golden Gate Capital, a San Francisco based private equity investment firm with over $15 billion of capital under management said it has completed acquisition of Pacific Sunwear of California (PacSun), which had filed for bankruptcy earlier. Golden Gate has completed the acquisition after satisfying all closing conditions initiated by the bankruptcy court.

Under the restructuring plan, PacSun has significantly restructured and reduced its long-term debt and annual occupancy costs, as well as improved its capital structure.

Golden Gate Capital has converted more than 65 per cent of its term loan debt into the equity of the reorganised company and has provided a minimum of $20 million in additional capital. Additionally, Wells Fargo has also provided a five-year $100 million revolving line of credit.

PacSun sells a combination of branded and proprietary casual apparel, accessories and footwear targeted at teens and young adults. As of September 7, 2016, it operated 583 stores in all 50 US states and Puerto Rico. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search