Gordmans // Something Unexpected

Press Release

September 18, 2008

Gordmans, Inc. Acquired by Sun Capital Partners, Inc.

FOR IMMEDIATE RELEASE

Gordmans, Inc. Acquired by Sun Capital Partners, Inc.
Company Poised for Expansion

OMAHA, Neb. – Sept. 18, 2008: Gordmans, Inc. today announced that the company has been acquired by an affiliate of private investment firm Sun Capital Partners, Inc.

Founded in 1915, the privately-held, Omaha-based apparel and home fashions retailer operates 65 stores and over 3.5 million square feet in 16 states, employing more than 4,000 associates. Gordmans features name brand apparel, accessories, footwear, home decor, gifts, designer fragrances, furniture, and more at everyday savings of up to 60 percent off department and specialty store prices. While the company operates within the value segment of the industry, Gordmans differentiates itself by offering department and specialty store name brands, fashions and styles in a more upscale shopping environment. Over the last four years, Gordmans has enjoyed significant growth, expanding its number of stores by nearly 50 percent.

“This partnership represents an extremely exciting time for our company,” Gordmans President and CEO Jeff Gordman said. “We are proud of the growth and success that Gordmans has enjoyed over the last 90 years, and have determined that the best path going forward is to join forces with Sun Capital Partners, a financial sponsor with the capital resources and experience in several retail sectors that will allow us to fully realize and accelerate our growth potential.”

Sun Capital Partners, Inc. is a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies.

“We are pleased to add Gordmans to our growing portfolio of retail and restaurant affiliates, which includes controlling ownership interests in The Limited, Shopko, Pamida, Boston Market, Friendly Ice Cream, Hickory Farms, Bruegger’s Bagels and Fazoli’s,” Brian J. Urbanek, vice president, Sun Capital Partners, Inc., said. “We are looking forward to working with Jeff, his management team and Gordmans’ dedicated associates in assisting the company to achieve its growth objectives.”

Harris Williams & Co. served as the exclusive advisor to Gordmans in this transaction. Jeff Gordman will continue to lead the company in his current capacities as president and CEO, working in collaboration with the existing management team.
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ABOUT GORDMANS, INC.
Gordmans features a large selection of the latest styles and name brands at up to 60 percent off department and specialty store prices every day. The wide range of merchandise includes apparel for all ages, accessories, footwear, home fashions, gifts, designer fragrances, fashion jewelry, bedding and bath, accent furniture and toys. Founded in 1915, Gordmans operates 65 stores in 16 Midwestern and surrounding states. For more information about Gordmans, visit www.gordmans.com.

ABOUT SUN CAPITAL PARTNERS, INC.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 200 companies worldwide with combined sales in excess of $40.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfort, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com.

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