Kirkland & Ellis LLP represented an investor group of funds managed by Bain Capital Private Equity and Bow Street LLC, which announced today they have entered into a definitive agreement to acquire leading online jeweler Blue Nile (NASDAQ: NILE). The investor group will acquire 100 percent of the outstanding shares of Blue Nile common stock for approximately $500 million. The transaction is expected to close in the first calendar quarter of 2017. More information on the deal is available here.
The Kirkland team was led by corporate partners Jeff Richards, Matthew O’Brien, Ian Bushner, Sarkis Jebejian and Daniel Layfield.