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Gordmans (GMAN) IPO -- infinite return for specialty retail private quity sponsors

|Includes:ALCS, BIG, DG, DLTR, FDO, FRED, Gordmans Stores (GMAN), NDN, RUE, TGT, WMT

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

Stocks: GMAN, DG, FDO, NDN, WMT, DLTR, BIG, ALCS, TGT, FRED, RUE