OpCapita’s Acquisition Of Majority Stake In US Retailer Maurices


Clifford Chance is advising OpCapita, a private equity firm, on its acquisition of a majority stake in women’s clothing retailer Maurices Inc., from its parent company, Ascena Retail Group, Inc., a US public company.

Maurices is a specialty retailer focused on women’s value apparel operating stores across the US and Canada. Ascena Retail Group owns other women’s clothing retailers, including Ann Inc. (operator of Ann Taylor and Loft), Justice, Lane Bryant, Catherines and Dressbarn.

The acquisition represents OpCapita’s first investment in the US and values Maurices at an enterprise value of $300 million.

OpCapita LLP is a private equity firm specializing in acquisitions of middle-market companies, subsidiary companies and divisions, distressed, underperforming businesses, turnaround, balance sheet restructuring, public to private transactions, sale of family owned and private businesses, and transformational mergers and acquisition.

The team advising OpCapita is led out of New York by Corporate partner Kevin Lehpamer (Picture) and associates Neil Barlow, Stephanie Kilmer, Katherine Chang and Jake Makar. Alsco includes Partner Michael Sabin and associates Thien Folkemer, Thomas Rossidis and Brian Prewitt (Funds); Partners Daniel Winick and associates Andrew Young and Shayona Dhanak (Leveraged Finance); Partner Philip Wagman and associate Rebecca Pereira (Tax); Partner Howard Adler and associate Atul Jain (Executive Comp./Employee Benefits); Partner Jay Gavigan and associate Leah Edelboim (Banking & Finance); Counsel Daryl Fairbairn and associate Jennifer Saionz (IP/IT); Counsel Victoria Manthas and associate Elie Margulies (Real Estate); Partner Megan Gordon and associates Catherine Ennis and Brian Yin (Regulatory/Data Privacy); Partner Tim Cornell and associates Brian Concklin and Abigail Cessna (Antitrust).

Involved fees earner: Howard Adler – Clifford Chance; Neil Barlow – Clifford Chance; Abigail Cessna – Clifford Chance; Katherine Chang – Clifford Chance; Brian Concklin – Clifford Chance; Tim Cornell – Clifford Chance; Shayona Dhanak – Clifford Chance; Leah Edelboim – Clifford Chance; Catherine Ennis – Clifford Chance; Daryl Fairbairn – Clifford Chance; Thien Folkemer – Clifford Chance; Jay Gavigan – Clifford Chance; Megan Gordon – Clifford Chance; Atul Jain – Clifford Chance; Stephanie Kilmer – Clifford Chance; Jake Makar – Clifford Chance; Victoria Manthas – Clifford Chance; Elie Margulies – Clifford Chance; Rebecca Pereira – Clifford Chance; Brian Prewitt – Clifford Chance; Thomas Rossidis – Clifford Chance; Michael Sabin – Clifford Chance; Jennifer Saionz – Clifford Chance; Philip Wagman – Clifford Chance; Daniel Winick – Clifford Chance; Brian Yin – Clifford Chance; Andrew Young – Clifford Chance; Kevin Lehpamer – Simpson Thacher & Bartlett;

Law Firms: Clifford Chance; Simpson Thacher & Bartlett;

Clients: OpCapita ;

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Author: Ambrogio Visconti