Simpson Thacher Represents Apax Partners in its $1.1 Billion Acquisition of rue21
05.24.13
This is only gets display when printing
The Firm is representing funds advised by Apax Partners in connection with the announced acquisition of all outstanding shares of rue21, Inc. (Nasdaq: RUE) for approximately $1.1 billion, including the assumption of debt. Approximately 30% of the outstanding shares of rue21 are collectively owned by SKM II funds. The transaction is expected to close before the end of the year and is subject to approval by the majority of the stockholders unaffiliated with the SKM II funds as well as customary closing conditions.
rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 currently operates 932 stores in 47 states.
The Simpson Thacher team includes Ryerson Symons, Kevin Lehpamer, Chelsea Freeman and Ray Kim (M&A); Brian Steinhardt, Doug Brown and Adam Weiner (Banking & Credit); Ken Wallach (Capital Markets); Gary Mandel, Sean Austin and Jodi Sackel (Tax); Brian Robbins and Douglas Tang (Executive Compensation and Employee Benefits); Lori Lesser and Mindy Lok (IP); Krista McManus (Real Estate); and Mike Isby (Environmental).