Law360, New York (February 26, 2014, 1:11 PM EST) -- The private equity owners of J. Crew Group Inc. are interviewing banks as they consider taking the popular clothing retailer public later this year, sources told Bloomberg on Wednesday. If Leonard Green & Partners LP and Texas-based TPG Capital opt for an initial public offering, J. Crew could hit the market with a valuation as high as $5 billion, suggesting they could nearly double their money. The investment firms paid $2.6 billion for J. Crew just three years ago.
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.