Sycamore Partners’ Acquisition of Goddard Systems

Kirkland & Ellis and Ropes & Gray advised Sycamore Partners, while Hogan Lovells advised Wind River on the deal.

Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, executed its acquisition of Goddard Systems, franchisor of The Goddard School, from an affiliate of Wind River Holdings, L.P., a privately owned investment company.

Established in 1988, Goddard Systems, the franchisor of The Goddard School, is the acknowledged leader in the premium early childcare and education market segment. Headquartered in King of Prussia, Pennsylvania, Goddard Systems has been consistently named one of the top childcare franchises in the United States by Entrepreneur magazine and one of the Top 200 Franchise Systems (in worldwide sales) by Franchise Times.

Sycamore Partners is a private equity firm based in New York. The firm specializes in retail, consumer, and distribution-related investments and partners with management teams to improve the operating profitability and strategic value of their business. With approximately $10 billion in aggregate committed capital raised since its inception in 2011, Sycamore Partners’ investors include leading endowments, financial institutions, family offices, pension plans and sovereign wealth funds. 

Barclays served as financial advisor to Sycamore Partners, and Baird served as financial advisor to Wind River.

The Kirkland team was led by corporate partners Jim Faley and Mike Shoaib (Picture) and associates Zach Miller and Taylor Melching, tax partners Roger Lucas and Mike Conroy, and debt finance partners Judson Oswald and Omar Raddawi.

The Ropes & Gray team that represented Sycamore in connection with the financing was led by private equity partners Jay Kim and Chris Poggi and associates David Axelson, Patrick MacDonald and Daniel Clayman.

Involved fees earner: Michael Conroy – Kirkland & Ellis; James Faley – Kirkland & Ellis; Roger Lucas – Kirkland & Ellis; Taylor Melching – Kirkland & Ellis; Zachary Miller – Kirkland & Ellis; Judson Oswald – Kirkland & Ellis; Omar Raddawi – Kirkland & Ellis; Mikaal Shoaib – Kirkland & Ellis; David Axelson – Ropes & Gray; Daniel Clayman – Ropes & Gray; Jay Kim – Ropes & Gray; Patrick MacDonald – Ropes & Gray; Christopher Poggi – Ropes & Gray;

Law Firms: Kirkland & Ellis; Ropes & Gray;

Clients: Sycamore Partners;