June 9, 2009 |
Talbots Inc. agreed to sell almost all the assets of its J. Jill brand to an affiliate of private equity firm Golden Gate Capital for about $75 million. J. Jill will still operate from Quincy, Mass., under President Paula Bennett, Talbots said. The buyer will retain a distribution center in New Hampshire and keep open 204 of the existing 279 J. Jill stores. Talbots said it would probably close the remaining shops within 60 days.
May 1, 2012
The owner of the shoe store chains Payless and Stride Rite is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies. Collective Brands Inc., which has been looking for a buyer, has agreed to an offer from a group including Hush Puppies owner Wolverine Worldwide Inc. and two private investment firms. The buyer, which also includes Blum Capital Partners and Golden Gate Capital, will pay $21.75 for each Collective Brands share. That is a 5 percent premium to Collective Brands' closing price of $20.77 on Monday.
April 12, 2005 |
Irvine-based chip maker TDK Semiconductor Corp. has been sold to San Francisco investment firm Golden Gate Capital for an undisclosed sum, the companies said Monday. TDK Semiconductor was a unit of TDK USA Corp., the American arm of Japanese electronics conglomerate TDK Corp. TDK Semiconductor will retain its current management team and remain headquartered in Irvine, but it will be renamed, Golden Gate said. Golden Gate invests directly in businesses and manages more than $2.
August 19, 2008 |
Brinker International Inc., owner of the Chili's Grill & Bar chain, said Monday that it would sell a majority stake in Romano's Macaroni Grill to a private equity firm. Under the agreement, Brinker would sell most of its stake to Mac Acquisition -- a unit of San Francisco-based Golden Gate Capital -- for $131.5 million in cash. Brinker would then turn over $6 million to Mac Acquisition to hold on to a 19.9% stake in the brand. "Brinker International will retain a minority ownership position in order to both maximize the value to Brinker's shareholders and contribute to the success of Macaroni Grill as a stand-alone entity," Brinker Chief Executive Doug Brooks said in a statement.
August 6, 2010 |
As California Pizza Kitchen Inc. announced that its second-quarter earnings weren't quite as grim as expected, rumors bubbled over a reportedly dead deal between the casual dining chain and its would-be buyer, private-equity firm American Securities Capital Partners. The Los Angeles-based company declined Thursday to comment on talk about whether a deal was quashed, as was reported this week in the New York Post. The company, which offers unusual items such as Korean barbecue steak tacos and pear and gorgonzola pizza, reported net income of $4.2 million, or 17 cents a share, for the quarter ended July 4. That's a drop of just over 31% from $6.1 million, or 25 cents, a year earlier.
July 26, 2008 |
Just as "Iron Man" was scaling new heights at the box office in May, executives at IndyMac Bank were attempting last-minute heroics to save the faltering Pasadena mortgage lender. Their effort, dubbed Project Iron Man, was a bid to assemble a group of private-equity firms to pump cash into IndyMac and become its controlling shareholders. The endeavor sheds some light on why regulators permitted the savings and loan to continue in business until a run on deposits finally triggered a government takeover July 11. The failure is expected to cost the Federal Deposit Insurance Corp.