Just shy of a decade after acquiring Family Dollar in a $8b transaction, Dollar Tree is now shedding the chain all together in a sale to a pair of private equity firms.
The Lowdown
The AP reports that Family Dollar will soon have a pair of new owners. AP notes that on Wednesday a deal to sell the troubled retail chain to Brigade Capital Management and Macellum Capital Management was formally announced. The deal is valued at more than $1B.
It’s a far cry from what Dollar Tree paid for the chain back in 2015. At the time, the chain reportedly bought the chain for some $8b.