Golden Gate Capital Exits J. Jill

Arcapita Bank has agreed to buy a majority stake in clothing retailer J. Jill from private equity firm Golden Gate Capital. Golden Gate Capital will remain a minority shareholder of the company. Financial terms of the deal were not released. Golden Gate Capital bought the J. Jill apparel brand from Talbots Inc. in 2009, paying approximately $75 million. Arcapita is an investment bank headquartered in Bahrain.

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