Sycamore Partners is taking The Jones Group (NYSE: JNY) private for $15 per share, or approximately $1.2 billion. Including net debt, the total transaction is valued at about $2.2 billion. The Jones Group is behind a number of apparel brands, including Nine West, Easy Spirit, Anne Klein and Mootsies Tootsies. Kohlberg Kravis Roberts was reportedly mulling whether to co-invest alongside Sycamore on the deal, but may still be involved in financing the buyout through its merchant bank operation. The Jones Group will join a pair of well-known apparel brands in Sycamore's portfolio: Talbots and Hot Topic.