Houston CCMP Capital Advisors LLC has acquired a controlling interest in fashion retailer Francescaâ€™s Collections.
With more than 160 boutique locations in 33 states, Francescaâ€™s sells eclectic jewelry, handbags, gifts, accessories and apparel. The companyâ€™s founders will continue to be involved in its management.
â€śWith CCMPâ€™s extensive experience in leading retail companies, they are the ideal partner to help us take Francescaâ€™s to the next level,â€ť Francescaâ€™s CEO John De Meritt said. â€śThe CCMP team not only possesses a proven ability to grow entrepreneurial businesses, but they are also a great cultural fit.â€ť
De Meritt said he approached CCMP about the deal.
Francescaâ€™s legal advisor was Locke, Lord, Bissell, Liddel, LLP. CCMPâ€™s legal counsel was O'Melveny Myers LLP.