Blue Nile to Be Acquired by Bain Capital Private Equity and Bow Street for $500 Million

On November 7, 2016, Blue Nile, a leading online fine jewelry retailer, announced that it has entered into a definitive agreement to be acquired by an investor group comprised of funds managed by Bain Capital Private Equity and Bow Street for approximately $500 million. Wilson Sonsini Goodrich & Rosati is representing Blue Nile in the transaction.

According to a company press release, Blue Nile stockholders will receive $40.75 in cash per share, representing a premium of approximately 34 percent over Blue Nile's closing price on November 4, 2016. The transaction is expected to close in the first calendar quarter of 2017, subject to customary closing conditions, including the approval of Blue Nile's stockholders and required regulatory approvals.

The WSGR team representing Blue Nile in the transaction includes the following:

Corporate/M&A:
Patrick Schultheis
Mike Ringler
Brendan Mahan
Jennifer Sayles Okorn
Alex Imas

Technology Transactions:
Parag Gheewala
Jennifer McGrew
Rachel Wilka

Employee Benefits and Compensation:
Scott McCall
Brandon Gantus

Antitrust:
Jamillia Ferris
Roisin Comerford
Chris Williams

Tax:
Gregory Broome
Andrew Bryant

Privacy and Data Protection:
Matthew Staples
Wendell Bartnick

Trademarks:
Aaron Hendelman

Regulatory:
Anne Seymour

Real Estate:
Sierra Bunnell

Corporate Finance:
John Mao
David Hu

For more information, please see Blue Nile's press release.