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, Arcapitas 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 Swedens Sandvik for approximately $740m.