Sidley represented WhiteHawk Capital Partners in connection with providing financing to newly formed acquisition vehicles of Brigade Capital Management, LP and Macellum Capital Management, LLC. The financing, alongside a Wells Fargo-led asset based revolving facility, totaled US$1.5 billion and was used to acquire Family Dollar Stores from Dollar Tree for US$1.007 billion. Under the terms of the deal, completed on July 7, Family Dollar, which operates over 8,000 stores in 48 states, will remain headquartered in Chesapeake, Virginia. WhiteHawk is a Los Angeles-based private credit investment manager that provides creative and flexible asset-based capital solutions to primarily middle market companies.
The Sidley team was led by Leslie Plaskon, Michele Nudelman, Peter Burke, and Chaim Theil, and included Jacques Zelnik, Curt Ostosh, Joe Zenruffinen, Zack C. Hampel, Daniel F. Burkhart, Robert Golub, Matthew A. Clemente, Grace Jamgochian, Rachel Schatz, Dan Altman, and Andrew B. Smith.
