TPG Capital And Leonard Green & Partners Complete Acquisition Of J.Crew

J.Crew Group, Inc. (NYSE: JCG) today announced the completion of its acquisition by Chinos Holdings, Inc. and Chinos Acquisition Corporation, affiliates of TPG Capital, L.P. and Leonard Green & Partners, L.P., for $43.50 per share in cash.

The transaction was approved by J.Crew's stockholders at a special meeting of stockholders held on March 1, 2011. J.Crew common stock will be delisted from the New York Stock Exchange.