Road to redemption

23 May 2013 By Jeffrey Goldfarb

A $1.1 bln deal to take rue21 private is rife with conflicts. An Apax-affiliated fund owns 30 pct of the U.S. teen clothier while two Apax partners also sit on the rue21 board. But safeguards put in place suggest the lessons from TPG’s raggedy purchase of J Crew have stuck.

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