M&A Deal Summary

Ascena Retail Group Acquires Tween Brands

On June 25, 2009, Ascena Retail Group acquired retailer Tween Brands for 157M USD

Acquisition Highlights
  • This is Ascena Retail Group’s 2nd transaction in the Retail sector.
  • This is Ascena Retail Group’s 4th largest (disclosed) transaction.
  • This is Ascena Retail Group’s 2nd transaction in the United States.
  • This is Ascena Retail Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2009-06-25
Target Tween Brands
Sector Retail
Buyer(s) Ascena Retail Group
Deal Type Merger
Deal Value 157M USD
Advisor(s) Solomon Partners (Financial)
O'Melveny & Myers (Legal)

Target

Tween Brands

New Albany, Ohio, United States
Tween Brands, Inc. is a tween specialty retailer. Through brands Justice and Limited Too, Tween Brands provides fashion merchandise and accessories for tween (age 7-14) girls. Tween Brands was formed in 1987 and is based in New Albany, Ohio.

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Buyer(S) 1

Buyer

Ascena Retail Group

Mahwah, New Jersey, United States
Category Company
Founded 1962
Sector Retail
Employees14,000
Revenue 5.5B USD (2019)
DESCRIPTION

Ascena Retail Group is a specialty retailer of apparel for women and tween girls, operating, through its wholly-owned subsidiaries Maurices, Justice, Lane Bryant, and Catherines brands. The Company was established in 1962 and is based in Mahwah, New Jersey.

DEAL STATS #
Overall 2 of 4
Sector (Retail) 2 of 4
Type (Merger) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 4
Year (2009) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-17 Maurices

Duluth, Minnesota, United States

Maurices is a retail concept that offers a broad assortment of fashionable, high quality apparel and accessories to 17-34 year old women and men who seek stylish clothing for both casual and dressy occasions. Maurices was founded in 1931 and is based in Duluth, Minnesota.

Buy $320M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Charming Shoppes

Bensalem, Pennsylvania, United States

Charming Shoppes, Inc. is an apparel retailer specializing in women's plus-size apparel. Charming Shoppes operates retail stores in 48 states under the names LANE BRYANT®, CACIQUE®, LANE BRYANT OUTLET®, FASHION BUG®, FASHION BUG PLUS® and CATHERINES PLUS SIZES®. The company also operates the Figi's family of brands, including the holiday food and gifts catalog Figi's® Gifts in Good Taste®, the home and gifts catalog Figi's® Gallery and its wholesale unit Figi's Business Services.

Buy $890M
Mergr

Product

Company

Legal