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
Network
