Warburg Pincus to buy Gabriel Brothers
Warburg Pincus said Dec. 22 that it agreed to buy Gabriel Brothers Inc (Gabe’s). Financial terms weren’t announced. Alvarez & Marsal Capital, Gabe’s current majority owner, is exiting. Gabe’s, of Morgantown, West Virginia, is an off-price fashion and home retailer that operates 106 stores under the Gabe’s and Rugged Wearhouse banners across 11 states in the Mid-Atlantic and Southeast. UBS Investment Bank and Wells Fargo Securities acted as financial advisors to Warburg Pincus. Jefferies LLC acted as financial advisor to Alvarez & Marsal Capital.
22 December 2016•3 mins read
