Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Gordmans Stores, Inc.
Baird served as a co-manager on this offering
Gordmans Stores, Inc. (“Gordmans” or the “Company”) (NasdaqGS: GMAN) recently completed a follow-on offering of 3,500,061 shares of its common stock at a price of $16.75 per share, generating gross proceeds of approximately $58.6 million. Selling stockholders, including the Company’s principal stockholder Sun Capital Partners, offered 3,460,061 shares as part of the offering while Gordmans offered 40,000 shares. The Company will not receive any proceeds associated with the sale of shares by the selling stockholders.
Based in Omaha, Nebraska, Gordmans is an everyday low price retailer featuring a large selection of the latest brands, fashions and styles at up to 60% off department and specialty store prices. The Company’s merchandise assortment includes apparel for all ages, accessories (including fragrances), footwear and home fashions. Gordmans stores are located in large, medium and small metropolitan areas in 46 markets across 18 states including Arkansas, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Minnesota, Mississippi, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota, Tennessee, Utah and Wisconsin. As of May 1, 2012, Gordmans operated 78 stores nationwide.