Ropes & Gray represented a group of existing Guess? shareholders (collectively, the “Rolling Stockholders”), including co-founders Maurice and Paul Marciano, Nicolai Marciano, and CEO Carlos Alberini and certain of their respective trusts, foundations and affiliates, in a strategic partnership with Authentic Brands Group LLC. Under the definitive agreement, Authentic will acquire 51% of substantially all Guess? intellectual property after which all of the outstanding common stock of Guess? not already beneficially owned by the Rolling Stockholders will be acquired in an all-cash transaction that values Guess? at approximately $1.4 billion, including debt.
The transaction was announced in an Aug. 20 press release.
The Ropes & Gray team included IP transactions partner Erica Han, M&A partners Tara Fisher and Christopher Comeau.
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