$175 Million Leveraged Buyout of Rafaella Sportswear, Inc.

Kronish Lieb's corporate team closed a leveraged buyout of its client Rafaella Sportswear, Inc., a leading manufacturer of women's sportswear.  Seventy-five percent of Rafaella was sold to affiliates of Cerberus Capital Management LP.  In conjunction with this buyout, the Firm represented Rafaella in connection with the private placement of $172 million of senior secured notes through Jefferies & Company, Inc.

Members of the corporate team representing Rafaella Sportswear included Kronish Lieb partner Steven K. Weinberg and associates Lynn D. Horwitz, David J. Colletti, Jr. and Frances M. Luke.  Tax analysis was provided by Kronish Lieb partner W. Lesse Castleberry.

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