Olshan Represents Founder George Feldenkreis in Taking Perry Ellis Private
The Wall Street Journal, Bloomberg and other media sources reported on Olshan’s representation of founder and former Executive Chairman, George Feldenkreis’ successful offer to take Perry Ellis International, Inc. private. Mr. Feldenkreis will acquire the remaining shares of Perry Ellis he does not currently own for $27.50 per share, or $437 million, with financing from Fortress Credit Advisors LLC and Wells Fargo Bank, N.A. Mr. Feldenkreis founded Perry Ellis 51 years ago and will return to an active role in the management of the company. While the deal is pending, Perry Ellis and George Feldenkreis agreed to defer the next annual meeting for director elections. Last month, George Feldenkreis nominated four people to the board. The Olshan team that advised George Feldenkreis in his nomination of directors and acquisition of Perry Ellis includes Steve Wolosky, Elizabeth Gonzalez-Sussman, Michael Neidell, Steven Gursky, John Moon and Kenneth Silverman.