Fashion Retailer Seeks PE Bids


January 16, 2014

This week’s buyout deal highlight is a relatively small one at USD 600 million with Aeropostale as the target.  According to Bloomberg, the deal would be a take-private of a company that has been the target of activist investors.


The newsflow is telling us that buyout firms are more in a seller’s mindset than buyers with the US based fashion retailer reportedly seeking bids from private equity funds, rather than getting unsolicited offers.


The fact that this week’s buyout blockbuster is sub-USD 1 billion is to be considered against the backdrop of several much larger deals underway, such as Carlyle’s acquisition of a Johnson and Johnson unit for USD 4 billion, and rumors of PE interest in Riverbed Technology at a valuation of upwards of USD 3.2 billion, as reported by Bloomberg and Dealbook, respectively.


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