Follow-on Offering

Consumer
Follow-on Offering

Summary

Baird served as a co-manager on this offering

About

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.

For additional information about this transaction, please contact:

Chris Sciortino 312-609-4923
Jeff Seaman 312-609-4687
Katie Melzer 415-627-3272
Peter Kies 414-765-7262
Consumer
Follow-on Offering
Date
June 2012
Company
Gordmans Stores, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

Share