Sale of J. Jill to Golden Gate Affiliate Final

Posted on by Chief Marketer Staff

The Talbots, Inc. has completed its previously announced sale of the J. Jill brand business to Jill Acquisition LLC. Jill Acquisition is an affiliate of Golden Gate Capital, a San Francisco-based private equity investment firm.

Jill Acquisition LLC paid $75 million in cash, less an $8.1 million adjustment based on estimated closing date working capital as outlined in the purchase agreement.

Assets acquired include the company

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