This website uses cookies. For more information please contact us or consult our privacy policy.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Advises Perella Weinberg on $3B J.Crew Deal

November 23, 2010

NEW YORK, November 23, 2010 — J.Crew Group, Inc. today announced that it has entered into a definitive agreement to be acquired by funds affiliated with TPG Capital and Leonard Green & Partners, L.P. Under the terms of the agreement, holders of the outstanding common shares of J.Crew will receive $43.50 per share in cash, or a total of approximately $3 billion. Covington & Burling LLP represented Perella Weinberg Partners, financial advisor to the Special Committee of the J.Crew Board of Directors, on the transaction.

J.Crew is a nationally recognized multi-channel retailer of women's, men's and children's apparel, shoes and accessories. TPG Capital is the global buyout group of TPG, a private investment firm founded in 1992, with more than $48 billion of assets under management. Leonard Green & Partners is a private equity firm with over $9 billion in equity capital under management. Perella Weinberg Partners is a client-focused financial services firm that provides corporate advisory and asset management services to clients around the world.

The New York-based Covington corporate team was led by partner J. D. Weinberg, with associate Richard Kruger.

Share this article: