M&A Deal Summary

Golden Gate Capital and Arcapita Acquire J.Jill

On July 2, 2009, private equity firm Golden Gate Capital and asset manager Arcapita acquired retailer J.Jill from Talbots for 75M USD

Acquisition Highlights
  • This is Golden Gate Capital’s 7th and Arcapita’s 4th transaction in the Retail sector.
  • This is Golden Gate Capital’s 21st and Arcapita’s 8th largest (disclosed) transaction.
  • This is Golden Gate Capital’s 41st and Arcapita’s 28th transaction in the United States.
  • This is Golden Gate Capital’s 4th and Arcapita’s 1st transaction in Massachusetts.
Investment Fate
  • J.Jill was sold to a consortium of financial buyers in 2015.
  • J.Jill went public in 2017.

M&A Deal Summary
Date 2009-07-02
Target J.Jill
Sector Retail
Buyer(s) Golden Gate Capital
Arcapita
Sellers(s) Talbots
Deal Type Divestiture
Deal Value 75M USD

Target

J.Jill

Quincy, Massachusetts, United States
J.Jill is a multi-channel retailer of woman’s apparel. Emphasizing a sophisticated casual lifestyle, J. Jill offers its merchandise through 205 stores across the United States, a website, and catalogs. was founded in 1959 and is headquartered in Quincy, Massachusetts.

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Buyer(S) 2

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 47 of 112
Sector (Retail) 7 of 11
Type (Divestiture) 8 of 15
State (Massachusetts) 4 of 5
Country (United States) 41 of 100
Year (2009) 2 of 6
Size (of disclosed) 21 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-04 Massif Holdings

Ashland, Oregon, United States

Massif Holdings LLC is a supplier of protective apparel to the U.S. Military and other professionals who work in extreme environments. Massif's products include technical combat apparel, flame resistant soft shell apparel, and extreme weather layering systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-07 Lantiq

Neubiberg, Germany

Lantiq is a provider of broadband and voice telephony semiconductor solutions. The Company’s products enable applications ranging from high-speed VDSL and GPON fiber-to-the-home to traditional voice telephony for carrier and enterprise-based networks. Lantiq is the re-branded Wireline Communications Division of Infineon Technologies, the former semiconductor division of Siemens AG. The company is headquartered in Neubiberg, Germany.

Buy €250M
Buyer

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.

DEAL STATS #
Overall 40 of 47
Sector (Retail) 4 of 4
Type (Divestiture) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 28 of 32
Year (2009) 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-17 Church s Chicken

Atlanta, Georgia, United States

Church's Chicken is a chicken quick-service restaurant serving more than three million customers weekly through restaurants in 22 countries and more than 30 states in the U.S. The Company serves affordable freshly prepared, high-quality, flavorful chicken and tenders with signature sides and handmade, from-scratch biscuits. Church's Chicken was founded in 1952 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-29 Yakima

Beaverton, Oregon, United States

Yakima Products, Inc. is a manufacturer and distributor of cargo and gear racks for cars and light trucks. The Company was formed in 1998 and is headquartered in Beaverton, Oregon.

Sell -

Seller(S) 1

SELLER

Talbots

Hingham, Massachusetts, United States
Category Company
Founded 1947
Sector Retail
DESCRIPTION

Talbots is a specialty retailer and direct marketer of women's apparel, shoes, and accessories. Talbots is known for its classic women's clothing. The company operates over 500 Talbots stores in 46 states and Canada. Talbots was founded in 1947, Hingham, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-07 J.Jill

Quincy, Massachusetts, United States

J.Jill is a multi-channel retailer of woman’s apparel. Emphasizing a sophisticated casual lifestyle, J. Jill offers its merchandise through 205 stores across the United States, a website, and catalogs. was founded in 1959 and is headquartered in Quincy, Massachusetts.

Buy $517M
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