TowerBrook Capital Partners has agreed to acquire True Religion Apparel (NASDAQ: TRLG) in a transaction valued at about $835 million. The firm intends to pay stockholders $32 per share, which represents a 52% premium. Deutsche Bank, Jefferies, UBS and Macquarie Capital have provided committed financing in support of the take-private buyout. True Religion is a California-based jeans and jeans-related sportswear brand. TowerBrook has some prior experience in the consumer retail and luxury space, including control investments in Jimmy Choo and Phase Eight.
