Chico’s Completes Acquisition by Sycamore Partners for $1 Billion

Paul, Weiss advised Florida-based fashion company Chico’s FAS, Inc. in its take-private sale to a fund affiliated with private equity firm Sycamore Partners. Under the terms of the deal, Chico's FAS shareholders received $7.60 per share in cash, representing a 65% premium to the company's closing stock price on September 27.

The Paul, Weiss team is led by corporate partners Laura Turano and Scott Barshay and counsel Cristina Amodeo, and includes, among others, corporate partner Christodoulos Kaoutzanis and counsel Patricia Vaz de Almeida; executive compensation partner Jarrett Hoffman and counsel Sasha Belinkie; intellectual property partner Claudine Meredith-Goujon; litigation partner Joshua Soven and counsel Steven Herzog; tax partner Robert Holo; real estate partner Peter Fisch; antitrust counsel Marta Kelly; and environmental counsel William O'Brien.