NRDC Equity Partners
Encyclopedia
NRDC Equity Partners is an entrepreneurial-based private investment firm investing in retail, real estate and consumer branded businesses.
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.
(“HBTC”) and Retail Opportunity Investments Corporation (“ROIC”).
HBTC is the holding company that currently owns and manages over 57000000 square feet (5,295,473.3 m²) of retail properties located in Canada and the U.S. through its Hudson’s Bay Company and Lord & Taylor
portfolio subsidiaries.
NRDC formed its REIT portfolio company, Retail Opportunity Investments Corporation (“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.
History
NRDC was founded in 2006 by Robert C. Baker and Richard A. Baker, owners of National Realty & Development Corp and William L. Mack and Lee S. Neibart, partners of AREA Property Partners LP.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.
Portfolio
NRDC’s current portfolio consists of two of the leading companies in their sectors, the Hudson's Bay Trading CompanyHudson's Bay Trading Company
Hudson's Bay Trading Company, L.P. is an American portfolio company for NRDC Equity Partners, a private equity company. Hudson's Bay Trading Company was founded in 2008....
(“HBTC”) and Retail Opportunity Investments Corporation (“ROIC”).
HBTC is the holding company that currently owns and manages over 57000000 square feet (5,295,473.3 m²) of retail properties located in Canada and the U.S. through its Hudson’s Bay Company and Lord & Taylor
Lord & Taylor
Lord & Taylor, colloquially known as L&T, or LT, based in New York City, is the oldest upscale, specialty-retail department store chain in the United States. Concentrated in the eastern U.S., the retailer operated independently for nearly a century prior to joining American Dry Goods...
portfolio subsidiaries.
- Hudson’s Bay Company currently operates 633 retail properties under four banners (The BayThe BayThe Bay is a chain of 91 department stores that operate across parts of Canada. It is the main brand of Hudson's Bay Company , North America's oldest company. It has its headquarters in the Simpson Tower in Toronto. In French, the chain is known as la Baie, short for "Compagnie de la Baie d'Hudson"...
, ZellersZellersZellers Inc. is Canada's second-largest chain of mass merchandise discount stores, with locations in communities across Canada. A subsidiary of the Hudson's Bay Company , it has 273 locations across the country....
, Home OutfittersHome OutfittersHome Outfitters is Canada's largest kitchen, bed, and bath superstore, with 69 stores across the country selling bedding, towels, housewares, and other home accessories....
and Fields) located in Canada - Lord & TaylorLord & TaylorLord & Taylor, colloquially known as L&T, or LT, based in New York City, is the oldest upscale, specialty-retail department store chain in the United States. Concentrated in the eastern U.S., the retailer operated independently for nearly a century prior to joining American Dry Goods...
currently owns and operates 46 department stores and one outlet center located in the U.S.
NRDC formed its REIT portfolio company, Retail Opportunity Investments Corporation (“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.