Simpson Thacher Represents Claire's Stores, Inc. in Proposed Sale
04.11.07
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Simpson Thacher is representing Claire's Stores, Inc. in connection with its proposed sale to an affiliate of Apollo Management, a New York-based private equity firm, in a transaction valued at approximately $3.1 billion. Claire’s Stores, Inc. is a leading international specialty retailer offering value-priced costume jewelry and accessories to fashion-aware tweens, teens and young adult females through its two store concepts: Claire’s and Icing by Claire’s. Under the terms of the deal, Claire's shareholders will receive $33 in cash for each share of Claire's common stock and Class A common stock they hold.
The Simpson Thacher team working on this deal includes: John Finley, Katie Sudol and Nomaan Raja (M&A); Brian Robbins, Jamin Koslowe and Jarrett Hoffman (Employee Benefits); Charlie Rappaport (Tax); Mardi Merjian (Real Estate); Lori Lesser (Intellectual Property); Mike Isby and Tim Mulvihill (Environmental); Scott Dyer and Julie Levy (Labor); Jay Ptashek (Credit); Michael Naughton and Jonathan Parker (Antitrust); and Michael Chepiga, Lynn Neuner and Erika Burk (Litigation); as well as paralegals Lindsey Cei and Michael McLaughlin.