Weil Helps CCMP Take Stake In Ollie’s Bargain Outlet

Law360, New York (August 29, 2012, 6:31 PM EDT) -- CCMP Capital Advisors LLC on Tuesday said it has signed a deal under which it will acquire an interest in Ollie’s Bargain Outlet from SKM Equity Fund III LP through a recapitalization transaction in partnership with Ollie's current management.

Although the terms of the deal were not disclosed, CCMP and Ollie’s said the outlet chain’s co-founder, Mark Butler, will remain chairman and CEO and will retain a significant ownership position as its largest individual investor.

Ollie's, which calls itself one of America’s largest retailers of closeouts,...
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