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

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

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

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

HBTC 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 Hudson’s Bay Company and Lord & Taylor portfolio subsidiaries.

Hudson’s Bay Company operates 633 retail properties under three banners (Hudson's Bay, Zellers and Home Outfitters) located in Canada^[4]
Lord & Taylor owns and operates 46 department stores and one outlet center located in the U.S.^[4]

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

↑ "LinkedIn company profile of NDRC Equity Partners". Retrieved 2 September 2012.
↑ 2.0 2.1 "Bloomberg Businessweek company profile of NDRC Equity Partners". Retrieved 2 September 2012.
↑ 3.0 3.1 http://www.nrdcequity.com
↑ 4.0 4.1 "NRDC Equity Partners announces the acquisition of Hudson's Bay Company". Retrieved 2 September 2012.

External links

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