Mergermarket: Francesca’s to be Sold as Going Concern to TerraMar Capital Affiliate and Tiger Capital
January 19, 2021
O’Melveny advised Francesca’s Holdings Corporation in its auction process and sale to an affiliate of TerraMar Capital and Tiger Capital. The transaction is expected to close by the end of January 2021, subject to approval by the US Bankruptcy Court for the District of Delaware, Mergermarket reported. The buyer has committed to continue operating at least 275 of the retailer’s boutiques.