Ownership profile
Who owns The Container Store?
The Container Store emerged from Chapter 11 bankruptcy in January 2025 as a privately held company owned by its former lenders (including Golub Capital, LCM Asset Management, and Glendon Capital Management); as of April 2026, Bed Bath & Beyond (Beyond Inc.) has agreed to acquire it for approximately $150 million — a deal expected to close in July 2026 — with no private equity firm involved.
Ownership profile
The Container Store
The Container Store Group, Inc. (pending acquisition by Bed Bath & Beyond, Inc. / Beyond Inc.)
Evidence (13)
The acquisition will rebrand all remaining Container Store locations as 'The Container Store / Bed Bath & Beyond'.
https://shoppingcenterbusiness.com/bed-bath-beyond-to-acquire-the-container-store-for-150-million/On April 2, 2026, Bed Bath & Beyond, Inc. (Beyond Inc., NYSE: BBBY) announced an agreement to acquire The Container Store for approximately $150 million in stock and convertible notes, including its Elfa and Closet Works subsidiaries; the deal is expected to close in July 2026.
https://www.retaildive.com/news/bed-bath-beyond-agrees-acquire-container-store-150m/816448/Upon emergence, The Container Store became a privately held company owned by its lenders; existing public shareholders were wiped out as lender debt was converted to equity.
https://www.retaildive.com/news/the-container-store-exits-chapter-11-bankruptcy/738572/The U.S. Bankruptcy Court approved the reorganization plan on January 24, 2025; the company's effective date of emergence was January 28, 2025.
https://veritaglobal.net/thecontainerstoreThe restructuring eliminated approximately $88 million in debt, reducing total funded debt from $243.1 million to approximately $190 million.
https://elevenflo.com/blog/the-container-store-group-initiates-chapter-11-proceedings-with-prepackaged-restructuring-planThe Container Store filed for Chapter 11 bankruptcy on December 22, 2024, in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.
https://www.sec.gov/Archives/edgar/data/1411688/000110465925007267/tm254690d1_8k.htmThe Container Store's legal parent entity is The Container Store Group, Inc., which was formerly publicly traded on the NYSE under ticker TCS; the operating subsidiary is The Container Store, Inc.
https://www.sec.gov/Archives/edgar/data/0001411688/000162828024025287/tcs-20240330.htmIn 2007, The Container Store, Inc. was sold to The Container Store Group, Inc., a holding company, of which a majority stake was purchased by Leonard Green & Partners, L.P. (LGP); following the November 2013 IPO, LGP held a controlling interest.
https://www.sec.gov/Archives/edgar/data/0001411688/000162828024025287/tcs-20240330.htmLeonard Green & Partners is the historical PE firm; it took a majority stake in 2007 and held a controlling interest through the 2013 IPO, but LGP's involvement predates current ownership and no current PE involvement has been identified.
https://www.sec.gov/Archives/edgar/data/0001411688/000162828024025287/tcs-20240330.htmGolub Capital and Glendon Capital Management led the lenders in taking ownership of the company, per Reuters.
https://www.homepagenews.com/retail-articles/the-container-store-exits-bankruptcy-as-private-company-talking-growth/DIP term lenders received approximately 64% of new equity, with prepetition term lenders receiving the remaining 36%.
https://elevenflo.com/blog/the-container-store-group-initiates-chapter-11-proceedings-with-prepackaged-restructuring-planThe post-bankruptcy owners include lenders Golub Capital, LCM Asset Management, and Glendon Capital Management, which led the term lender group converting debt to equity.
https://en.wikipedia.org/wiki/The_Container_StoreLenders Golub Capital, Wells Fargo, and LCM Asset Management supported the reorganization deal, per court records.
https://www.costar.com/article/935906790/the-container-store-exits-bankruptcy-protection-as-a-private-retailerWhat's uncertain
- The $150 million Bed Bath & Beyond / Beyond Inc. acquisition was announced April 2, 2026, and is expected to close in July 2026 — as of the investigation date (July 4, 2026), it is possible the deal has closed but no confirmed closure press release was found in this search; the structure field is set to 'corporate' in anticipation of the highly-likely completed acquisition.
- Golub Capital, LCM Asset Management, and Glendon Capital Management are credit/asset managers, not traditional PE buyout firms; they obtained equity through a debt-for-equity restructuring. None are classified as private equity sponsors for purposes of this assessment, hence pe_involvement is 'none' with moderate confidence.
- The precise post-bankruptcy equity split among individual lenders is derived from restructuring case documents and secondary sources, not from a primary post-emergence cap table filing.
- Leonard Green & Partners (the historical PE owner 2007–post-IPO) fully exited via public market sales over time; no current LGP stake has been identified.
- Beyond Inc. (NYSE: BBBY) is a publicly traded e-commerce company, not a private equity firm; if acquisition closes, structure would shift to 'corporate' (subsidiary of a public company).