Fashion Investments and M&A

Date: Announced 16 June 2018
Buyer: George Feldenkreis
Target: Perry Ellis International Inc
Business: Clothing designer and retailer
Value: US$437 million
Details: The target has agreed to be taken private by its founder and board member, Mr Feldenkreis, in a deal reportedly valued at approximately US$437 million. A newly formed entity controlled by Mr FeldenKreis will acquire all of the outstanding common shares of the target not already beneficially owned by the Feldenkreis family for US$27.50 per share in cash.