TowerBrook to Buy J.Jill from Arcapita, Golden Gate
April 01, 2015
TowerBrook Capital Partners has agreed to acquire women's fashion retailer J.Jill from Arcapita and Golden Gate Capital. Expected to close in 2Q, the deal has been rumored to be worth around $400 million; Jefferies and Macquarie Group have committed to provide financing. J.Jill sells apparel, accessories and footwear through over 250 stores, 26 catalogs and its website. Arcapita bought a controlling stake in the company from Golden Gate in 2011, with Golden Gate retaining a minority ownership interest.