In October 2004, Loehmann’s was acquired by Arcapita and its co-investors. Founded in 1921, the New York-based Loehmann’s is a leading US specialty retailer of well-known fashion brands, offering designer apparel and accessories at prices that are typically 30-60 per cent lower than prices at department stores. During the 18-month holding period, Arcapita worked closely with Loehmann’s to develop and implement an aggressive expansion phase, resulting in satisfactory value creation that was realized for Arcapita’s investors at exit. In May 2006, Loehmann’s Holdings Inc. was purchased from Arcapita by Istithmar PJSC, a Dubai-based investment firm.

Investment Type

Private Equity


United States

Exit Date