SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
J. Crew Owner Leonard Green Buys Stake in Topshop for $805M, Latest in String of Retail Deals

British billionaire Philip Green's Arcadia Group rids itself of debt by selling portion of the fashion company

Private equity firm Leonard Green & Partners LP has reportedly purchased a 25 percent stake in the Topshop retail chain from British billionaire Philip Green for $805 million.

Leonard Green, which sold off David’s Bridal to Clayton Dubilier and Rice this year, co-owns retailer J. Crew. 

The Los Angeles firm also owns the Container Store Inc., Equinox Fitness and Neiman Marcus Group Inc.

Fashion company Topshop is owned by Arcadia Group, which Green owns. Arcadia, which had amassed about £445 million ($716.5 million) in debt as of Dec. 4, is now debt free as a result of the transaction, Green says in a statement.

The transaction adds to the flurry of recent deals within the retail sector. In addition to the David’s Bridal deal, Fast Retailing Co. Ltd. announced it would acquire a majority stake in denim retailer J Brand Holdings LLC in November, Versa Capital acquired Eastern Mountain Sports and Apax purchased Cole Haan

For more on the retail sector, see “Retail M&A: Time-Tested Brands Sell.” 

 

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