Latham Advises on Dollar Tree’s Divestment of Family Dollar Business to Brigade Capital Management and Macellum Capital Management

Dollar Tree, Inc. (NASDAQ: DLTR) has announced that the company has reached an agreement under which Brigade Capital Management, LP and Macellum Capital Management, LLC will partner to acquire the company’s Family Dollar business segment. Family Dollar will remain headquartered in Chesapeake, Virginia. The purchase price for Family Dollar, under the terms of the agreement, is US$1,007.0 million, subject to customary closing adjustments.

Latham & Watkins LLP represented the lenders in a financing to support the transaction with a team led by partners Stelios Saffos, David Hammerman, Conray Tseng, Victor Ludwig, and Pamela Kellet and counsel Katherine Page, with associates Ana Núñez Cárdenas, Sean Travers, Jason Wang, and Nilam Faqhir. Advice was also provided on data privacy matters by associates Kiara Vaughn and Julian Savelski; on compensation and benefits matters by partner Benjamin Rosemergy, with associate Tayler Daniels; on intellectual property matters by partner Michelle Gross, with associate Zachary Shufro; on structuring matters by partners Helena Tseregounis and Jason Gott; on tax matters by partner Aaron Bernstein, with associate Kathryn Harrington; and on uniform commercial code matters by partner Brian Rock and counsel Emily Leong Yu.