Representatives from Big Lots, Nexus, as well as Kirkland & Ellis, which is advising Nexus, and the company’s legal counsel Davis Polk & Wardwell, did not return messages seeking comment.

Big Lots’ Fall From Grace. Big Lots most recent first quarter 2025 earnings call was in June, and it postponed the second quarter announcement in September as it was putting the Nexus deal in place.

U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has initiated ...

Big Lots filed for bankruptcy protection in September, saying it intended to sell its business to Nexus. In August, Big Lots announced its intention close up to 315 stores, and in October ...

Big Lots launched Chapter 11 bankruptcy proceedings in early September to help facilitate the sale of “substantially all” of its assets to its “stalking horse bidder” Nexus Capital Management.

National retailer Big Lots says it will begin holding going-out-of-business sales at its remaining stores because it still has not found a buyer to boost it from bankruptcy. The discount chain has ...

Nexus will serve as a "stalking horse bidder" in a court-supervised auction process, Big Lots said, adding that the deal will close in the fourth quarter of 2024 if Nexus is deemed the winning bidder.

Big Lots plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management. Garret Roberts/Beaver County Times / USA TODAY NETWORK ...

The proposed deal will close in the fourth quarter of fiscal 2024, if Nexus emerges as the winner during the bid process. Big Lots has secured $707.5m in financing, including $35m in new financing ...

Recent agreement for Big Lots includes over $700 million in financing Big Lots said in its announcement Monday that Nexus will act as a “stalking horse bidder" in an auction the courts will oversee.

Nexus will serve as a "stalking horse bidder" in a court-supervised auction process, Big Lots said, adding that the deal will close in the fourth quarter of 2024 if Nexus is deemed the winning bidder.

Big Lots announced it will likely not complete its purchase agreement to sell off its assets as part of a Chapter 11 bankruptcy, and is holding Going Out of Business sales now.