Jackson Walker advised a strategic joint venture between Established Incorporated and ACI Licensing in securing a credit facility to support the acquisition of four prominent women’s lifestyle brands: Badgley Mischka, C&C California, Kay Unger, and RACHEL Rachel Roy. Our team represented Established ACG Borrower, LLC in securing the facility – a crucial component of the joint venture – with Huntington National Bank.

The JV successfully acquired full ownership of the Badgley Mischka, C&C California, and Kay Unger brands, and a 71% stake in the RACHEL Rachel Roy brand. Under the JV agreement, Established will hold a controlling 51% interest, while ACI Licensing will own a 49% interest. ACI Licensing will also oversee the day-to-day operations of the four brands. Established is supported by sponsors Crosstimbers Capital and Ares Management, and Jackson Walker has represented Established and its affiliates in past transactions.

A Jackson Walker team including Cale McDowell, Art Cavazos, Michael Flatter, Jimmy McDonough, and Peyton Fulgium advised the borrower in the credit facility and prepared parent company consents by the upper-tier Crosstimbers/Ares JV.

For more information about the strategic transaction, view the press release, as well as articles by The Texas Lawbook and Women’s Wear Daily.

Meet Our Team

Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 500 attorneys across six offices, we are the largest Texas firm and have been recognized by Law360 as a “Texas Powerhouse” and an “elite law firm” that regularly provides counsel to industry-leading clients on highly complex transactions ranging from millions to billions. To explore the firm’s experience in mergers, acquisitions, dispositions, joint ventures, and other strategic alliances, visit the Corporate & Securities practice page.