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J.Jill Completes Initial Public Offering
- Client News
- March 14, 2017
Paul, Weiss represented J.Jill, Inc., a leading women’s apparel brand, and TowerBrook Capital Partners, a private equity firm based in the United States and Europe, in J.Jill, Inc.’s initial public offering of 11,666,667 shares of its common stock at $13 per share. All shares were sold by a partnership vehicle comprised of J.Jill’s principal equity holder, Towerbrook, and management, which also granted the underwriters a 30-day option to purchase an additional 1,750,000 shares of common stock. BofA Merrill Lynch, Morgan Stanley and Jefferies acted as joint lead bookrunning managers, and the joint bookrunning managers were Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities.
The Paul, Weiss team included, among others, corporate partner Ray Russo; tax partner David Sicular; employee benefits partner Larry Witdorchic and counsel Jason Ertel; financing partner Tom de la Bastide and counsel Andy Klein; and litigation partner Martin Flumenbaum.