TITLE

Charlotte Russe Sells to Advent

AUTHOR(S)
Marino, Jonathan
PUB. DATE
August 2009
SOURCE
Mergers & Acquisitions Report;8/31/2009, Vol. 22 Issue 35, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44148602

 

Related Articles

  • Charlotte Russe Completes Shift to Private Ownership. Allen, Mike // San Diego Business Journal;10/19/2009, Vol. 30 Issue 42, p7 

    The article reports on the acquisition of young women's clothing retailer Charlotte Russe Holding Inc. by Advent International Corp. in San Diego, California for 380 million dollars. It states that Advent agreed to purchase Charlotte which has 501 stores in 45 states at 17.50 per share. It...

  • M&A Activity Bubbles: Advent In $380M Deal For Charlotte Russe. Steigrad, Alexandra; Edelson, Sharon; Karr, Arnold J. // WWD: Women's Wear Daily;8/25/2009, Vol. 198 Issue 41, p1 

    The article focuses on the financial market understanding that there is money in the sidelines in the private equity firms. In a backdrop of the recession, this understanding is further strengthened, by the acquisition deals seen in the fashion and clothing industry, like Advent International...

  • Sale of the Year: A Sadie Hawkins Sale. MacFadyen, Ken // Mergers & Acquisitions Report;4/5/2010, Vol. 23 Issue 14, p25 

    The article highlights the acquisition of Charlotte Russe by Advent International in July 2009. The acquisition deal is valued at 380 million U.S. dollars. Particular focus is given to the genesis of Charlotte Russe's fight against buyout efforts. It notes that the transaction represent a...

  • Charlotte Russe Up For Sale. Steigrad, Alexandra // WWD: Women's Wear Daily;3/13/2009, Vol. 197 Issue 54, p18 

    The article reports that Charlotte Russe Holding Inc., based in San Diego, California, is up for sale. According to retailer Charlotte Russe, the sale process will enable the company to obtain formal indications of interest from potential buyers. It is stated that the specialty chain issued a...

  • Advest Buys Control Of Mexican Lender.  // American Banker;10/18/2005, Vol. 170 Issue 200, p9 

    Reports that the Boston private equity firm Advent International Corp. and a group of other investors have bought a majority stake in the Mexican mortgage lender Hipotecaria Casa Mexicana SA de CV.

  • Charlotte Russe Considers Sale. K. M. // Mergers & Acquisitions Report;2/2/2009, Vol. 22 Issue 5, p2 

    The article reports on the decision of Charlotte Russe Holding to pursue a sale amid increasing pressure from activist investors. The decision is a turnaround from the company's previous stance when offered by KarpReilly and HIG Capital. It is suggested that falling revenues may have prompted...

  • Charlotte Russe Reviews Options For Unit. Catton, Grant // Mergers & Acquisitions Report;5/1/2006, Vol. 19 Issue 17, p4 

    Reports that Charlotte Russe Holding Inc., a mall-based clothing retailer, has announced that it is seeking strategic alternatives for its Rampage chain. Comment issued by CEO Mark Hoffman on the status of the Rampage business; Possibility for Rampage to attract buyers according to analysts;...

  • Weighing Options for a Sale. Zaczkiewicz, Arthur // WWD: Women's Wear Daily;4/26/2006, Vol. 191 Issue 88, p10 

    The article discusses the move of some clothing retailers and vendors to put their businesses on sale. Peter Boneparth, CEO and president of Jones Apparel Group, said the move to put the company up for sale was done to bolster shareholder value. Similarly, Charlotte Russe Holding Inc. announced...

  • Lagardere's sports push persists with agency buy. Leffler, Rebecca; Roxborough, Scott // Hollywood Reporter -- International Edition;11/21/2006, Vol. 397 Issue 6, p44 

    The article reports that Lagardere SCA has announced to purchase top European sports agency Sportfive for an enterprise value of $1.1 billion. The acquisition continues Lagardere's expansion into the sports industry. Sportfive was put up for sale by its principal shareholders RTL Group SA,...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics