Content about TPG Capital

June 30, 2014

TPG Architecture has promoted Nicole Varadi from senior designer to design director, retail studio.

New York -- TPG Architecture has promoted Nicole Varadi from senior designer to design director, retail studio.

Varadi, who joined TPG in 2011, will now take on a greater degree of leadership within the retail studio while continuing to work actively on projects. Recently, she helped lead the design of The Red Door, the award winning day spa and beauty boutique in Union Square. She is currently working with brands such as Sundance and Rent the Runway, and is playing an active role in acquiring new business for the firm.

 

March 24, 2014

J. Crew Group Inc. Monday afternoon reported a 42% decrease in its fiscal fourth-quarter profit amid higher costs.

New York -- J. Crew Group Inc. Monday afternoon reported a 42% decrease in its fiscal fourth-quarter profit amid higher costs. Net income fell to $5.92 million in the quarter, which ended Feb. 1., down from $10.2 million in the year-ago period.

Revenue increased 6.7% to $686.2 million. Retail store sales rose 5% to $438.6 million and direct sales jumped 10% to $238.1 million

Same-store sales, which includes direct sales, rose 3%. Excluding a calendar shift, comparable-store sales increased 4%.

December 26, 2013

Numerous law firms have launched investigations into the board of directors of Arden Group, Inc. to determine possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to the investment firm TPG.

Compton, Calif. – Numerous law firms have launched investigations into the board of directors of Arden Group, Inc. to determine possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to the investment firm TPG.

September 17, 2013

HSN has appointed Matthew Rubel, senior advisor with TPG Capital, to its board of directors.

St. Petersburg, Fla. -- HSN has appointed Matthew Rubel, senior advisor with TPG Capital, to its board of directors.

Rubel previously served as chairman, president and CEO of Collective Brands, where he worked from 2005-2011. Before that, his executive roles included serving as president and CEO of Cole Haan from 1999 to 2005, as well as serving as executive VP of J. Crew Group and CEO of Popular Club Plan.

September 17, 2013

HSN has appointed Matthew Rubel, senior advisor with TPG Capital, to its board of directors.

St. Petersburg, Fla. -- HSN has appointed Matthew Rubel, senior advisor with TPG Capital, to its board of directors.

Rubel previously served as chairman, president and CEO of Collective Brands, where he worked from 2005-2011. Before that, his executive roles included serving as president and CEO of Cole Haan from 1999 to 2005, as well as serving as executive VP of J. Crew Group and CEO of Popular Club Plan.

September 9, 2013

Ares Management and the Canada Pension Plan Investment Board have reached an agreement to purchase Neiman Marcus for $6 billion from a group of investors led by TPG Capital and Warburg Pincus, the private equity firms that bought Neiman Marcus for $5.1 billion in 2005.

Dallas – Ares Management and the Canada Pension Plan Investment Board have reached an agreement to purchase Neiman Marcus for $6 billion from a group of investors led by TPG Capital and Warburg Pincus, the private equity firms that bought Neiman Marcus for $5.1 billion in 2005.

September 9, 2013

Ares Management and the Canada Pension Plan Investment Board have reached an agreement to purchase Neiman Marcus for $6 billion from a group of investors led by TPG Capital and Warburg Pincus, the private equity firms that bought Neiman Marcus for $5.1 billion in 2005.

Dallas – Ares Management and the Canada Pension Plan Investment Board have reached an agreement to purchase Neiman Marcus for $6 billion from a group of investors led by TPG Capital and Warburg Pincus, the private equity firms that bought Neiman Marcus for $5.1 billion in 2005.

June 24, 2013

Luxury department store operator Neiman Marcus Inc. on Monday disclosed plans for a proposed public offering of up to $100 million.

New York -- Luxury department store operator Neiman Marcus Inc. on Monday disclosed plans for a proposed public offering of up to $100 million.

The retailer’s plan, announced in a regulatory filing, comes some eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. In its filing, Neiman Marcus indicated a desire to expand its outlet center concept, Last Call, which currently operates 35 locations.

August 17, 2012

A report by the Wall Street Journal said that Warburg Pincus and TPG, the private-equity owners of Neiman Marcus Group Inc., are looking for an exit.

Dallas -- A Thursday report by the Wall Street Journal said that Warburg Pincus and TPG, the private-equity owners of Neiman Marcus Group Inc., are looking for an exit.

The firms paid $5.1 billion for Neiman Marcus seven years ago; the company is currently valued, according to analysts, at about $4 billion.

June 27, 2011

Urban street wear retailer Dr. Jay’s has updated its flagship store in Manhattan, with a fresh, bold look that invigorates the popular brand while enhancing the customer experience.

Urban street wear retailer Dr. Jay’s has updated its flagship store in Manhattan, with a fresh, bold look that invigorates the popular brand while enhancing the customer experience.

June 24, 2011

J. Crew announced Friday it will open its first Canadian store in August at the Yorkdale Shopping Centre, located in Toronto.

Toronto -- J. Crew announced Friday it will open its first Canadian store in August at the Yorkdale Shopping Centre, located in Toronto.

The approximately 5000-sq.-ft. store, which will offer women’s-only clothing and accessories, marks J. Crew’s international debut, joining recent market entries by retailers such as Target and Big Lots in leveraging Canada’s relatively strong economy.

May 19, 2011

Big Lots has decided not to sell itself after bids from private equity firms came in below the company's expectations, according to The Wall Street Journal.

New York City -- Big Lots has decided not to sell itself after bids from private equity firms came in below the company's expectations, according to The Wall Street Journal.

The chain reportedly had received interest from several buyout firms earlier this year, following which it decided to explore a sale. Two groups of private-equity firms — Bain Capital and TPG Capital, and Thomas H. Lee Partners and Advent International — had put in final bids, but they were below Big Lots expectations, the report said.

March 18, 2011

Shareholders of Jo-Ann Stores on Friday approved a $1.6 billion merger with an affiliate of Leonard Green & Partners.

New York City -- Shareholders of Jo-Ann Stores on Friday approved a $1.6 billion merger with an affiliate of Leonard Green & Partners.

Of all the shares that were voted, more than 99% were in favor of the agreement. Those in favor of the pact represented 82 of outstanding shares. The company expects the deal to close Friday.

The company will be delisted from the New York Stock Exchange.

March 11, 2011

Discount store retailer 99 Cents Only Stores has received a proposal to take the company private from the company's founding family and investment firm Leonard Green & Partners LP for $19.09 per share, the Associated Press reported.

City of Commerce, Calif. — Discount store retailer 99 Cents Only Stores has received a proposal to take the company private from the company's founding family and investment firm Leonard Green & Partners LP for $19.09 per share, the Associated Press reported.

The offer would value the company at about $1.3 billion. According to 99 Cents, the purchasers would include the Schiffer-Gold family, which owns about 33% of its outstanding stock. David Gold is company founder and chairman, and his son-in-law Eric Schiffer is CEO.

March 7, 2011

J.Crew Group said Monday its $3 billion deal to be taken private by two investment firms is complete.

New York City -- J.Crew Group said Monday its $3 billion deal to be taken private by two investment firms is complete.

March 7, 2011

J.Crew Group said Monday its $3 billion deal to be taken private by two investment firms is complete.

New York City -- J.Crew Group said Monday its $3 billion deal to be taken private by two investment firms is complete.

March 1, 2011

Shareholders of J.Crew Group have approved a $3 billion deal to be taken private by two investment firms.

New York City -- Shareholders of J.Crew Group have approved a $3 billion deal to be taken private by two investment firms.

The $43.50-per-share buyout by private-equity firms TPG Capital and Leonard Green & Partners is expected to close on or near next Monday. J. Crew CEO Millard (Mickey) Drexler will remain with the company.

March 1, 2011

Shareholders of J.Crew Group have approved a $3 billion deal to be taken private by two investment firms.

New York City -- Shareholders of J.Crew Group have approved a $3 billion deal to be taken private by two investment firms.

The $43.50-per-share buyout by private-equity firms TPG Capital and Leonard Green & Partners is expected to close on or near next Monday. J. Crew CEO Millard (Mickey) Drexler will remain with the company.

February 17, 2011

J. Crew Group said Wednesday that it did not receive any alternative takeover bids during an 85-day "go shop" period, in which the company sought alternatives to an offer from its former owner.

New York City -- J. Crew Group said Wednesday that it did not receive any alternative takeover bids during an 85-day "go shop" period, in which the company sought alternatives to an offer from its former owner.

J. Crew agreed in November to be taken private in a $3 billion deal with two investment firms, TPG Capital and Leonard Green & Partners. It originally had until Jan. 15 to vet other prospects, and that period was extended by a month.

February 17, 2011

J. Crew Group said Wednesday that it did not receive any alternative takeover bids during an 85-day "go shop" period, in which the company sought alternatives to an offer from its former owner.

New York City -- J. Crew Group said Wednesday that it did not receive any alternative takeover bids during an 85-day "go shop" period, in which the company sought alternatives to an offer from its former owner.

J. Crew agreed in November to be taken private in a $3 billion deal with two investment firms, TPG Capital and Leonard Green & Partners. It originally had until Jan. 15 to vet other prospects, and that period was extended by a month.

February 1, 2011

A report released Monday by Bloomberg said that J. Crew Group’s $10 million settlement of an investor lawsuit over the proposed takeover by private-equity firms TPG Capital and Leonard Green & Partners LP has fallen apart.

New York City -- A report released Monday by Bloomberg said that J. Crew Group’s $10 million settlement of an investor lawsuit over the proposed takeover by private-equity firms TPG Capital and Leonard Green & Partners LP has fallen apart.

Citing a lawyer for the shareholders, the report said that J. Crew officials undermined a deal in which the clothier agreed to extend the period to solicit competing offers to the $3 billion buyout bid. The accord also included a $10 million payment to plaintiffs.

February 1, 2011

A report released Monday by Bloomberg said that J. Crew Group’s $10 million settlement of an investor lawsuit over the proposed takeover by private-equity firms TPG Capital and Leonard Green & Partners LP has fallen apart.

New York City -- A report released Monday by Bloomberg said that J. Crew Group’s $10 million settlement of an investor lawsuit over the proposed takeover by private-equity firms TPG Capital and Leonard Green & Partners LP has fallen apart.

Citing a lawyer for the shareholders, the report said that J. Crew officials undermined a deal in which the clothier agreed to extend the period to solicit competing offers to the $3 billion buyout bid. The accord also included a $10 million payment to plaintiffs.

January 18, 2011

A Tuesday report by Bloomberg said that J. Crew Group is close to settling a shareholder lawsuit over its proposed $3 billion takeover by private-equity firms TPG Capital and Leonard Green & Partners LP.

New York City -- A Tuesday report by Bloomberg said that J. Crew Group is close to settling a shareholder lawsuit over its proposed $3 billion takeover by private-equity firms TPG Capital and Leonard Green & Partners LP.

Citing two unnamed sources, the report said that as part of the settlement, J. Crew would extend the period to solicit competing offers until Feb. 15 and add provisions that make it easier to accept a rival bid.

January 18, 2011

A Tuesday report by Bloomberg said that J. Crew Group is close to settling a shareholder lawsuit over its proposed $3 billion takeover by private-equity firms TPG Capital and Leonard Green & Partners LP.

New York City -- A Tuesday report by Bloomberg said that J. Crew Group is close to settling a shareholder lawsuit over its proposed $3 billion takeover by private-equity firms TPG Capital and Leonard Green & Partners LP.

Citing two unnamed sources, the report said that as part of the settlement, J. Crew would extend the period to solicit competing offers until Feb. 15 and add provisions that make it easier to accept a rival bid.

January 17, 2011

J. Crew Group received no rival bid during a solicitation period and will stick with its nearly $3 billion buyout offer made by two private equity firms in November, according to Reuters.

New York City -- J. Crew Group received no rival bid during a solicitation period and will stick with its nearly $3 billion buyout offer made by two private equity firms in November, according to Reuters. J. Crew agreed in November to be taken private by the two firms. It was able to solicit higher bids until Saturday.