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:
Jennifer Sayles Okorn
Employee Benefits and Compensation:
Privacy and Data Protection:
For more information, please see Blue Nile's press release.