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:
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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:
TA Associates Grabs High-End Retailer Joie

The deal also includes women’s fashion brands Equipment and Current/Elliot

Private equity firm TA Associates has completed a majority investment in Dutch LLC for an undisclosed amount.

Vernon, Calif.-based Dutch is the parent company for fashion brands Joie, Equipment and Current/Elliot. The brands are sold in high-end department stores, such as Saks Fifth Avenue, Nordstrom, Neiman Marcus, Barney’s, Harvey Nichols, Selfridges and Printemps, as well as boutiques.

TA Associates bought 60 percent of Dutch. The firm has raised more than $18 billion in capital since its founding in 1968. Its portfolio companies include E-Rewards Inc., Fotolia Holdings Inc. and IntraLinks Inc.

The firm's bid was chosen from a number of offers after TA Associates hired Sage Group LLC to help it find a partner, according to TA Associates principal James Hart. TA Associates doesn't currently have near term plans to add on any new companies to the business, according to Hart.

Instead, the firm will focus on building out retail locations for the brand, as well as developing an e-commerce site for Current/Elliot, which does not have one, Hart says. 

Goodwin Procter LLP provided legal counsel to TA Associates, while Peter J. Solomon Co. provided advisory services. Skadden Arps Slate Meagher & FLom LLP served as legal counsel to Dutch, while Sage Group LLC was financial adviser.

 

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