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Golden Gate To Sell J Jill Stake
Golden Gate Capital is seeking to sell its majority stakes in women’s apparel retailer, J Jill to an affiliate of Arcapita Bank.
Golden Gate Capitalis seeking to sell its majority stakes in women’s apparel retailer,J Jillto an affiliate ofArcapita Bank,Reutersreports. The private investment firm has not disclosed the financial details of the transaction.
As a part of the agreement, the current CEO of J Jill,PaulaBennett,将继续在他的角色和高尔den Gate will remain a minority shareholder. J Jill was financially advised byBank of America Merrill Lynch, whileKirkland & Ellisacted as legal advisor.
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Click here for additional coverage fromBloomberg.