Charlotte Russe Sells to Advent

Marino, Jonathan
August 2009
Mergers & Acquisitions Report;8/31/2009, Vol. 22 Issue 35, p30
The article reports on the acquisition of Charlotte Russe Holding Inc., an apparel and fashions maker based in San Diego, California, by Advent International. The acquisition is valued 380 million U.S. dollars. It relates the impact of the deal on the share price of Charlotte Russe. The decision of Charlotte Russe was prompted by pressure from activist investors KarpReilly and HIG Capital who bid up to 9.50 U.S. dollar per share.


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