Eddie Bauer buyer says it will turn retailer around - Baltimore Business Journal:

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Jonathan Lynch, a managing director of CCMP CapitalpAdvisors LLC, said without the burden of could quickly become a profitable “In this case, we are talkinyg about a good company with a bad balance and we are going to turn it into a grea company with a great balance sheet,” Lynch Lynch said Eddie Bauer CEO Neil Fiske and his team have made “impressiv strides in a very difficult economic Looking at key retail metrics, particularlg comparable-store sales, Eddie Bauer has outperformed its Lynch said. Lynch said CCMP Capitao would keepthe company’s headquarters in Bellevue becausee he said there is no compelling strategic reasobn to move it.
He said that CCMP Capital typicallt holds on to companies for five to10 years. And Lynchg said his firm also would keep most ofEddiew Bauer’s 371 retail storez open, although he said that some stores that can’t remain profitable would be Lynch said he did not know how many storezs that might be. Eddie Bauer f The retaile struck a deal withCCMP Capital, for $202 million. CCMP’d offer is essentially an opening bid forEddie Bauer’d assets. The sale must be approved by a bankruptcy judge, who will oversee an auction. CCMP likelg would emerge as Eddie Bauer’s owner, unlesa there is an offetr thatbeats CCMP’s price and terms.
Eddied Bauer listed total assetsof $476.1 million and total debt of $426.7 million as of May 30.