Pursuits
TowerBrook Said to Meet Banks to Discuss J.Jill Exit Options
- Investment banks discussing options 6 months after purchase
- Buyout firm paid $400 million for women's apparel retailer
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TowerBrook Capital Partners, the private-equity firm that acquired J.Jill Group six months ago, is already considering an exit of the U.S. women’s apparel retailer, people with knowledge of the matter said.
The buyout firm invited a select number of banks to pitch options for the company, which could lead to an initial public offering as early as the second quarter of 2016, said the people, who asked not to be identified because they weren’t authorized to speak publicly. TowerBrook may elect to keep the business following the review, one person said.