Baby boomer-focused catalog retailer Orchard Brands Sales Agency LLC is putting itself up for sale in a process that could fetch more than $500 million, people familiar with the situation said on Tuesday. The company has hired Goldman Sachs Group Inc to assist with the sale, the people said.Orchard Brands' catalogs and websites target customers 50 years of age and older, with apparel and household goods organized under 15 brands including Appleseeds, Winter Silks and LinenSource.The company, which was formerly owned by San Francisco-based private equity firm Golden Gate, filed for bankruptcy in early 2011 and then reorganized several months later.It is now controlled by its debtholders, including American Capital Ltd.
American Capital, Ltd. (American Capital) is an equity firm and global asset manager. Shares of ACAS fell by 0.37% or $-0.055/share to $14.90. In the past year, the shares have traded as low as $13.59 and as high as $16.37. On average, 2814670 shares of ACAS exchange hands on a given day and today's volume is recorded at 1141012.
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 0.65% or $-1.28/share to $195.34. In the past year, the shares have traded as low as $151.65 and as high as $198.06. On average, 2860960 shares of GS exchange hands on a given day and today's volume is recorded at 1599118.
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