Global law firm White & Case LLP is representing NYSE-listed Talbots, a leading specialty retailer and direct marketer of women’s apparel, shoes and accessories, in its pending sale to an affiliate of Sycamore Partners, a private equity firm.
Talbots entered into a merger agreement providing for the acquisition by an affiliate of Sycamore Partners of all of the outstanding common stock of Talbots for $2.75 per share in cash. The transaction is valued at approximately $369 million, including net debt, and is expected to close in the third quarter of this year. Once the deal closes, Talbots will be operating as a private company.
The White & Case deal team is being led by New York partners Morton A. Pierce, Chang-Do Gong and Robert Chung, with support from New York partners Greg Owens, Daren Orzechowski, Mark Hamilton, Bill Dantzler, Richard Horsch, Ernest Patrikis and Glenn Kurtz, New York counsel Jason Rothschild, Washington counsel Rebecca Farrington, Silicon Valley associate Allison Dodd and New York associates Andrew Schwab, Jae-In Yoo, Isaac Tendler and Seth Kerschner.
With more than 500 lawyers internationally, White & Case’s Global Mergers and Acquisitions Practice offers market-leading expertise regarding strategic and private equity transactions and cross-border transactions. The practice has devised creative deal structures, designed acquisition programs and planned and implemented strategies for both acquirers and potential acquisition targets in domestic and cross-border transactions around the world.
