TPG Capital in Acquisition of Republic from Change Capital Partners

June 21, 2010

Cleary Gottlieb represented TPG Capital in the acquisition of British young adult fashion retailer Republic from private equity company Change Capital Partners and Republic’s management team. Republic’s management team will continue to run the business and remain significant investors. The transaction was signed on June 19 and closed on June 21.

Republic currently operates 105 stores throughout the United Kingdom, offering its customers brands such as G-Star, Diesel, Firetrap, as well as up-and-coming niche brands and its own exclusive range. TPG has previous experience in retail investments, including past and present retail investments in Debenhams, J.Crew, Myer, and Neiman Marcus.