GB Merchant Partners Buys Retailer Ashley Stewart

Buyout shop GB Merchant Partners, through its GB Merchant Partners' 1903 Equity Fund, said that it has acquired Ashley Stewart, a Secaucus, N.J.-based plus size fashion retailer. Financial terms of the deal were not released. Formed in 1991, Ashley Stewart has more than 200 stores, and plans to expand following the acquisition. GB Merchant Partners has offices in New York and Boston. It’s 1903 Equity fund has roughly $270 million in committed capital.

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