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Cleary Gottlieb represents TPG Capital on acquisition of Republic

Cleary Gottlieb has represented TPG Capital on the acquisition of British young adult fashion retailer Republic from private equity company Change Capital Partners and Republic’s management team.

Republic’s management team will continue to run the business and remain significant investors.

The transaction was signed on 19 June 2010 and closed on 21 June 2010.

Republic currently operates 105 stores throughout the UK, offering its customers brands such as G-Star, Diesel and Firetrap, as well as up and coming niche brands and its own exclusive range.

TPG has previous experience in retail investments, including past and present retail investments in Debenhams, J.Crew, Myer, and Neiman Marcus.

Change Capital was represented by SJ Berwin and management by Addleshaw Goddard.

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