Leonard Green to Make $625M Investment in Signet Jewelers (SIG); Adds $625M to Stock Buyback Program
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Signet Jewelers Announces Strategic Partnership with Leonard Green & Partners
August 25, 2016 6:58 AM EDT$625 Million Convertible Preferred Investment by Leonard Green & Partners
Signet to Repurchase up to $625 Million in Common Stock
Signet will appoint Jonathan Sokoloff, Managing Partner of Leonard Green & Partners, to the Board of Directors
HAMILTON, Bermuda--(BUSINESS WIRE)-- Signet Jewelers Limited (NYSE: SIG), the world's largest retailer of diamond jewelry, announced today that affiliates of Leonard Green & Partners, L.P. (LGP), a leading private equity firm, will invest $625 million in the form of convertible preferred shares. Signet... More
