Inifiite return for private equity sponsors on a 2 year-old investment
On a $20mm capital investment...Gordmans private equity sponsors post-IPO will have already returned $71mm to themselves.
$35mm in dividends already received
$29mm from selling stock on the IPO
$7mm ‘consulting’ termination fee
and their retained stock value will be almost $200mm
See GMAN IPOreport
Disclosure: none
Gordmans (GMAN) IPO -- infinite return for specialty retail private quity sponsors
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.