January.04.2013
Orrick, Herrington & Sutcliffe LLP has advised Gap Inc., the largest U.S. specialty-apparel retailer, in its $130 million acquisition of Intermix Holdco Inc., a multi-brand specialty retailer of luxury and contemporary women’s apparel and accessories. Gap — the parent company of the Gap, Old Navy and Banana Republic chains — plans to double Intermix's store count, then look for opportunities to expand the chain overseas. The transaction was completed on December 31, 2012.
This is Gap's first acquisition since 2008 when it acquired women's active apparel retailer Athleta. Orrick advised Gap on the 2008 acquisition.
The Orrick team on the Intermix acquisition was led by San Francisco capital markets partner Brett Cooper and included San Francisco tax partner Eric Wall, San Francisco compensation and benefits partner Juliano Banuelos, Silicon Valley corporate partner Daniel Yost, San Francisco real estate senior counsel Chris Chavez, Washington, D.C., antitrust of counsel Pat Zeigler, San Francisco emerging companies senior associate Julie Hwang, San Francisco corporate associates Scott Porter and Noel Pacheco and San Francisco compensation and benefits associate Jason Flaherty, as well as legal support from Orrick’s Global Operation Center.