Sports Authority’s Pain, Whose Gain?
March 2, 2016
“The only private equity-owned companies that file Chapter 11 are the ones that no other private equity firm wants to buy,” he said. “So it is interesting to see that Leonard Green couldn’t sell the asset and decided to not support the company further.” Gellert also noted that Leonard Green’s portfolio has a “mixed bag” of names, including J Crew, which Rapid Ratings ranks at 17 out of a possible 100, and the wildly popular Shake Shack, which it ranks at 60. Gellert said the retail space currently ranks 62.1 overall on an equally weighted basis.