Texas Pacific Group--J. Crew

Michael J. Roberts; William A. Sahlman; Lauren  Barley

Case | HBS Case Collection | August 2007 (Revised April 2008)

Texas Pacific Group--J. Crew

by Michael J. Roberts, William A. Sahlman and Lauren Barley

Abstract

Describes Texas Pacific Group's purchase and operation of J. Crew, the catalog and specialty clothing retailer. Highlights the issues involved in financing such a transaction, and then focuses on the operational challenges of turning around the business, and of TPG's intensive involvement in the running of the business. Details the improvements in the business, and then the retrenchment, leaving the business facing a significant debt payment coming due. TPG must decide whether to sell the business and get out "whole," or whether it can develop and execute a more successful strategy going forward.

Keywords: Mergers and Acquisitions; Private Equity; Financing and Loans; Investment; Operations; Organizational Change and Adaptation; Apparel and Accessories Industry; Retail Industry;

Format: Print

27 pages

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Citation:

Roberts, Michael J., William A. Sahlman, and Lauren Barley. "Texas Pacific Group--J. Crew." Harvard Business School Case 808-017, August 2007. (Revised April 2008.)

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Texas Pacific Group--J. Crew

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