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TowerBrook Capital acquires denim brand True Religion
31
Jul '13
True Religion Apparel, Inc. announced the completion of the acquisition of the Company by TowerBrook Capital Partners L.P. ("TowerBrook"), the New York and London-based investment management firm. As previously announced, TowerBrook acquired True Religion for $32 per share in a transaction valued at approximately $824 million.

The transaction was approved by the Company's shareholders at a special meeting of True Religion shareholders.

As a result of the completion of the transaction, True Religion common stock will no longer be listed for trading on the NASDAQ Stock Exchange, effective as of the close of trading today.

Guggenheim Securities, LLC served as financial advisor and Greenberg Traurig, LLP served as legal advisor to True Religion and the Special Committee of the Board. Akin Gump Strauss Hauer & Feld is legal advisor to the Company. Deutsche Bank, Jefferies and UBS Investment Bank acted as financial advisors to TowerBrook, and Wachtell, Lipton, Rosen & Katz served as legal advisor.

About True Religion Apparel, Inc.

True Religion Apparel, Inc. is a growing, design-based denim and denim-related sportswear brand. The Company designs, manufactures and distributes True Religion Apparel products, including its premium True Religion Brand jeans, sportswear and licensed accessories.

True Religion Apparel


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