Joe’s Jeans Inc. (Nasdaq: JOEZ) is buying Hudson Clothing Holdings Inc. for $97.6 million.
Los Angeles-based Hudson designs and markets women’s and men’s apparel, focusing on denim.
Joe’s Jeans, headquartered in Commerce, Calif., focuses on denim and other types of apparel for men, women and children.
Boston private equity Fireman Capital Partners acquired a controlling stake in Hudson in 2009.
Threadstone Advisors LLC served as Joe Jeans’ financial adviser for the deal, while Akin Gump Strauss Hauer & Feld LLP serviced as legal counsel. Lazard Middle Market LLC acted as Hudson’s financial adviser, while McDermott Will & Emery LLP provided legal advice.
The deal follows several other denim transactions. In May, TowerBrook Capital Partners LP announced it was taking True Religion Apparel Inc. (Nasdaq: TRLG) private in an $835 million transaction. In February, Iconix Brand Group Inc. (Nasdaq: ICON) bought London denim label Lee Cooper for $72 million.