Bahrain's Arcapita sells US retailer

24 May 2015

Investment firm has delivered $2.5bn in exit proceedings over past two years

Bahrain-based Arcapita has completed the sale of US retailer J.Jill Group to New York and London-based investment management firm TowerBrook Capital Partners.

The transaction value was not disclosed. Arcapita acquired a majority stake in J.Jill in April 2011.

Atif Abdulmalik, Arcapita’s CEO, says that the company has delivered approximately $2.5bn in exit proceeds to investors during the past two years.

In February 2014, Arcapita agreed to sell Varel International Energy Services, a manufacturer of drill bits for oil and gas, and mining and industrial industries, to Sweden’s Sandvik for approximately $740m.

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