- Hot Topic, BoxLunch and Her Universe will continue to operate independently from the Spencer Spirit business, maintaining their existing headquarters in California
- Steve Vranes will continue serving as CEO of Hot Topic, Inc
- Spencer Spirit Holdings, Inc. is the parent company of Spencer’s and Spirit
Sycamore Partners has sold Los Angeles-based retailer Hot Topic to Spencer Spirit Holdings Inc. for undisclosed terms.
Hot Topic’s portfolio of brands include Hot Topic, BoxLunch, and Her Universe.
Hot Topic, BoxLunch and Her Universe will continue to operate independently from the Spencer Spirit business, maintaining their existing headquarters in California.
Steve Vranes will continue serving as CEO of Hot Topic, Inc.
Solomon Partners served as exclusive financial advisor to Spencer Spirit Holdings, Inc. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor. Wells Fargo served as lead arranger for the debt financing. Jefferies LLC served as financial advisor to Hot Topic, Inc. and Kirkland & Ellis LLP served as legal advisor.
Spencer Spirit Holdings, Inc. is the parent company of Spencer’s and Spirit.