Advent Int'l To Buy Charlotte Russe

Advent International has agreed to acquire women's clothing retailer Charlotte Russe Holding Inc. (Nasdaq: CHIC). The deal is valued at $17.50 per share, for a total transaction value of approximately $380 million. Charlotte Russe had received an earlier buyout offer from KarpReilly Capital Partners, which at the time held an 8.6% ownership stake.

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