TITLE

Sale of the Year: A Sadie Hawkins Sale

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
April 2010
SOURCE
Mergers & Acquisitions Report;4/5/2010, Vol. 23 Issue 14, p25
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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 premium of 255% over the firm's stock price prior to its decision to explore alternatives in January. The sale enables Charlotte Russe to pursue its rehabilitation efforts outside of the public glare. It also notes the strong track record of Advent in the retail space.
ACCESSION #
49021031

 

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