NRDC Equity Partners

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NRDC Equity Partners, LLC
Type Private Ownership
Industry Private Equity
Founded 2006
Founder(s) Richard A Baker, Robert C. Baker, William L. Mack, Lee S. Neibart
Headquarters Purchase, New York, United States and New York City
Key people

Richard A. Baker, CEO;

Francis Casale, Brian Pall, Donald Hutchison, Donald Watros
Divisions Hudson's Bay Company

NRDC Equity Partners (commonly referred to as NRDC) is an American entrepreneurial-based private investment firm investing in retail, real estate and consumer branded businesses.

History[edit]

NRDC was founded in 2006[1] by Robert C. Baker, owner of National Realty & Development Corp; and William L. Mack and Lee S. Neibart, partners of AREA Property Partners LP.[2]

NRDC has completed five transactions since 2006, totaling almost $5 billion in enterprise values and has invested approximately $1.5 billion of equity for its transactions. NRDC targets transactions ranging from $250 million to $5 billion of enterprise value, requiring total equity investments of $50 million to $1.5 billion.[3][2]

Portfolio[edit]

NRDC’s current portfolio consists of two of the leading companies in their sectors, the Hudson's Bay Company (HBC) and Retail Opportunity Investments Corporation (ROIC).

HBC is the holding company that owns and manages over 57,000,000 square feet (5,300,000 m2) of retail properties located in Canada and the U.S. through its portfolio subsidiaries.

  • Hudson's Bay operates 90 department stores located in Canada[4]
  • Home Outfitters operates 69 kitchen, bath and bed superstores across Canada
  • Lord & Taylor owns and operates 46 department stores and one outlet center located in the U.S.[4]
  • Saks Fifth Avenue owns and operates 42 department stores and 65 OFF 5th outlet stores in the U.S.

NRDC formed its real estate investment trust portfolio company, ROIC, through a public equity raise of $414 million completed in October 2009. ROIC focuses on acquiring and growing high quality shopping centers. It has invested over $200 million and has completed/announced 14 transactions as of September 2010.[3]

References[edit]

External links[edit]