Weil Gotshal Steers Irving Place In Rag & Bone Buy

Law360, New York (January 4, 2013, 5:55 PM EST) -- Middle-market private equity firm Irving Place Capital took a minority stake in high-end apparel brand Rag & Bone, it said Friday, marking the latest in a string of recent deals aimed at grabbing a piece of a booming luxury retail market.

Irving Place did not reveal the size of its stake or how much it poured into the company. The New York firm typically invests between $75 million and $250 million in equity, with a focus on the retail and consumer industries. It was unclear when...
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