Davis Polk is advising J.P. Morgan Securities LLC as financial adviser to Signet Jewelers Limited in connection with its approximately $1.4 billion acquisition of Zale Corporation. The transaction is subject to approval by Zale’s stockholders, certain regulatory approvals and customary closing conditions.
Signet Jewelers is the largest specialty jewelry retailer in the United States and United Kingdom. Signet’s U.S. division operates over 1,400 stores in all 50 states primarily under the name brands of Kay Jewelers and Jared The Galleria Of Jewelry. Zale is a leading specialty retailer of diamond and other jewelry products in North America, operating approximately 1,680 retail locations throughout the United States, Canada and Puerto Rico, as well as online.
The Davis Polk corporate team includes partners George R. Bason Jr. and Marc O. Williams, and associate Robert Rosen. All members of the Davis Polk deal team are based in the New York office.
