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