Brigade Capital to Partner With Macellum Capital to Acquire Family Dollar for $1 Billion

Paul, Weiss is advising global asset management firm Brigade Capital Management in its partnership with investment firm Macellum Capital Management to acquire the Family Dollar business segment of Dollar Tree, Inc. for $1.007 billion. Under the terms of the deal, Family Dollar, which operates over 8,000 stores in 48 states, will remain headquartered in Chesapeake, Virginia, and its former President and Chief Operating Officer Duncan MacNaughton will join the company as chairman. The transaction is expected to close later in the second quarter of 2025, subject to customary closing conditions and regulatory approval.

The Paul, Weiss team is led by corporate partners Jeffrey Marell, Cullen Sinclair, Michael Montgomery, and includes partner Thomas de la Bastide and counsel Marc Shepsman; tax partner Scott Sontag; intellectual property partners Claudine Meredith-Goujon and Bonnie Chen and counsel Elana Bensoul; litigation partners John Carlin, Randy Luskey, Jonathan Tam and Nicole Succar and counsel Audrey Paquet; real estate partners Salvatore Gogliormella and Matthew Dulak; executive compensation partner Lawrence Witdorchic and counsel Lisa Krausz Eisenberg; antitrust counsel Todd Hahn; and environmental counsel William O'Brien.