Law360: Authentic Brands, Guess Founders Take Biz Private For US$1.4B

O’Melveny, long time outside counsel to Guess?, Inc. (NYSE: GES), advised the company on the signing of a definitive agreement for certain existing Guess? shareholders (collectively, the Rolling Stockholders), to enter into a strategic partnership with Authentic Brands Group LLC (Authentic), under which, in connection with the take-private transaction, Authentic will acquire 51% of substantially all Guess? intellectual property after which all of the outstanding common stock of Guess? not already beneficially owned by the Rolling Stockholders will be acquired in an all-cash transaction that values Guess? at approximately US$1.4 billion, including debt. The O’Melveny team advising Guess? was led by partners John Laco, Dan Petrocelli, Adam Ackerman, Brad Finkelstein, and Jeff Walbridge, and associates Tae Ha, Sofia Panarella and Ryan Chow. This story was also covered by The Deal, Fibre2Fashion, Market Screener, and Inside Arbitrage.

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