Arcapita Bank Buys Majority of J. Jill

Bahrain-based Arcapital Bank acquired a majority interest in women’s clothing retailer J. Jill, buying the stake from private equity firm Golden Gate Capital. Financial terms of the deal were not released. Golden Gate acquired J. Jill in 2009 for roughly $75 million. San Francisco-based Golden Gate will retain a minority stake in the company.

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