Acquiring Company
Onyx Partners
Acquired Company
J.C. Penney
BostonPlanoReal EstateReal Estate InvestmentE CommerceFashionRetailDescription
Onyx Partners is attempting to acquire 117 J.C. Penney stores for $934 million. This acquisition follows a previous bid that fell through in December 2024. The deal would involve only the physical stores, not affecting the existing long-term leases. The transaction is set to close on September 25, 2025.
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Based on deal dataFrequently asked
Who acquired J.C. Penney?
J.C. Penney was acquired by Onyx Partners, based in Boston. The deal was reported on August 3, 2026. Onyx Partners is a private equity firm that specializes in acquiring and managing a diverse range of real estate assets. The firm is known for its strategic investments in properties located in major metropolitan areas. Onyx Partners is privately held and operates in Real Estate.
When did Onyx Partners acquire J.C. Penney?
Onyx Partners's acquisition of J.C. Penney was reported on August 3, 2026. Onyx Partners is attempting to acquire 117 J.C. Penney stores for $934 million. This acquisition follows a previous bid that fell through in December 2024. The deal would involve only the physical stores, not affecting the existing long-term leases. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does J.C. Penney do?
J.C. Penney is a major American department store chain that operates retail locations across the United States. The company was founded in 1902 and offers a wide range of merchandise including apparel, home goods, and accessories. J.C. It is privately held, operating in E Commerce, and is based in Plano.