TowerBrook Capital Partners to Acquire J.Jill

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9916New York–TowerBrook Capital Partners L.P. , the New York and London-based investment management firm, announced plans today to purchase J.Jill, a leading multi-channel fashion retailer of women’s apparel, accessories and footwear. TowerBrook will acquire J.Jill in its entirety from global investment firm Arcapita and private equity firm Golden Gate Capital. Financial terms of the transaction were not disclosed but the transaction is expected to close in the second quarter of 2015.

With over 250 stores, a catalog and a website, J.Jill is designed for “women who lead rich, full lives and is recognized for comfort, aesthetic and quality.”

“The sale of J.Jill reflects our industry leading success, having just completed our best sales year in history and 12 quarters of consecutive growth. We are delighted to partner with TowerBrook. Their investment in J.Jill provides support for future development and the ability to maximize our potential as a brand and business,’ said Paula Bennett, who will remain in her current role as President and Chief Executive Officer of J.Jill. “We have a shared vision to capitalize on our understanding of our customer and the strength of our omni-channel business. We look forward to the opportunities ahead for J.Jill to continue to delight, inspire and guide our customers.”

TowerBrook has worked with companies such as Jimmy Choo, True Religion, Kaporal and Phase Eight and will work closely with J.Jill to build on its omni-channel foundation, pursue additional growth opportunities and further enhance performance.

About J.Jill: J.Jill is easy, relaxed, inspired style. An omni-channel premier retailer of misses’, petite, tall and women’s clothing, in addition to accessories and footwear, J.Jill is committed to delight, inspire and guide customers with a new collection every month that is delivered through 250 stores nationwide, 26 catalogs and a robust ecommerce experience. J.Jill is headquartered outside Boston. www.JJill.com.

About TowerBrook Capital Partners: TowerBrook Capital Partners L.P. is an investment management firm with approximately US$7.5 billion under management and a track record of creating value for investors. The firm is based in Europe and the USA and focuses on making investments in European and North American companies. TowerBrook primarily pursues control-oriented investments in large and middle market companies, partnering with highly capable management teams and seeking situations characterized by complexity. www.towerbrook.com.

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