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Olshan Represents George Feldenkreis in Perry Ellis Acquisition

October 23, 2018

Olshan client George Feldenkreis, founder and former Executive Chairman of Perry Ellis International, successfully completed the acquisition of Perry Ellis through a $437 million transaction in which it will become a private company.  Under the terms of the Feldenkreis merger agreement, Perry Ellis’ unaffiliated shareholders will receive $27.50 per share in cash. The transaction was financed through equity provided by the Feldenkreis family, a Senior Secured Asset Backed Revolving Loan Facility underwritten by Wells Fargo Bank, N.A., PNC Capital Markets LLC and HSBC Bank USA, National Association and a multi-tranche term financing facility provided by affiliates of Fortress Investment Group. Moving forward as a private company, Perry Ellis will focus on the long-term strategy of owning and operating brands. The Olshan team that represented the Feldenkreis family was Corporate: Steve Wolosky, Elizabeth Gonzalez-Sussman, Michael Neidell, Claudia Dubon, Jason Cabico, Mohammad Malik, Lauren Irby and Madison Wiles-Haffner; Tax:  Mark Limardo, Jason Tomitz and Alan Fenyes; Intellectual Property: Steven Gursky and Mary Grieco; Real Estate: Steven Gursky, Stephen Pacicco and Justin Drazin; Employment: Michael Passarella; Employee Benefits: Stephen Ferszt; and Litigation: Lori Marks-Esterman. View the press release here.

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