Signet Jewelers Announces Non-Prime Credit Agreement With Minority Purchaser
05.03.18
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Simpson Thacher is representing Signet Jewelers Limited, the world's largest retailer of diamond jewelry, in connection with the exercise of its option to appoint a minority purchaser under its non-prime receivables purchase agreement with investment funds managed by CarVal Investors (“CarVal agreement”), which was announced on March 14, 2018. Castlelake, L.P., a global private investment firm, has been selected as the minority purchaser.
Signet Jewelers Limited is the world's largest retailer of diamond jewelry. Signet operates over 3,500 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda and JamesAllen.com.
The Simpson Thacher team includes Maripat Alpuche, Ben Schaye, Michael Ting and Todd Noelle (M&A).