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