Sale-leaseback strategy saves Sun as Mervyn’s folds
US private equity firm Sun Capital is keeping afloat on its investment in the bankrupt retailer, thanks largely to sale-leasebacks of several of the chain’s department outlets. Sun Capital and Cerberus, which sold its stake last year, bought Mervyn's for $1.2bn in 2004.
ByEva Poon
4 January 2013•2 mins read
