Dive Summary:

• Sycamore Partners investment firm has completed its acquisition of popular retail chain and online merchant Hot Topic in a deal worth a reported $600 million.
• Hot Topic is currently ranked #237 on Internet Retailer’s Top 500 list. The merger, announced earlier this year, also includes the acquisition of store brands Torrid and Blackheart.
• “We are very happy to partner with Sycamore Partners,” says Lisa Harper, chief executive officer and chairman of the board of Hot Topic, said in a statement. The merger is the fourth recent retail acquisition for the New York based Sycamore Partners.

From the article:

“Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio,” says Sycamore Partners managing director Stefan Kaluzny … “We are very happy to partner with Sycamore Partners,” says Lisa Harper, chief executive officer and chairman of the board of Hot Topic, said. “Their knowledge and expertise in the consumer and retail markets is precisely what we need to optimize both the Hot Topic and Torrid brands.”