Digitalolympus.Com Comments on a Fox Business News Article Regarding Rue21 Private Acquisition in a $1.1Billion Deal

Online, June 25, 2013 (Newswire.com) - Popular news and technology blog DigitalOlympus.com commented on a recent article by Jennifer Booton in Fox Business regarding the private acquisition of Rue21 in a $1.1Billion cash deal by private-equity firm Apax Partners.

According to the Fox Business news piece, Rue21 states the deal will lead to "significant and certain value" as the firm seeks to increase its store base and develop its e-commerce program. At $42 per share, the deal indicates a 23% premium to the Warrendale, Pa.-centered teenage-clothing retailer's closing price on May 22. The transaction will take Rue21 back to private management.

Responding to the Fox Business news article, DigitalOlympus.com leading researcher Josh Cole commends the endeavor and business intelligence of private-equity firm, Apax Partners, in its decision to acquire and privatize Rue21, stating that the deal will be of significant benefits to both firms as they both seek development and expansion for Rue21.

The Fox Business piece further revealed that Apax has held an investment in Rue21 for a long period. The company's chief executive, John Megrue, disclosed that he has worked intimately with Rue21 Bob Fisch to back the firm's growth from below 100 stores at the period of the first investment in 1998 to over 900 presently.

According to Booton, Fisch said the deal allows Rue21 to focus on achieving its long-term objectives, including growing its business to more than 1,700 stores in the U.S. and implementing new initiatives such as e-commerce and rueMan.

In a statement following the report, Owen admires the due diligence of the private-equity firm, Apax Partners, in maintaining its stake in Roe21 for over a decade and investing more in the firm overtime, a move which he states reflects asset recovery and laudable business intelligence. Owen also lauds the efforts of Rue21 in its decision to take advantage of the deal to expand its stores in the United States and apply new programs such as introducing e-commerce.

As a leading news and technology blog, DigitalOlympus.com is committed to promoting the adoption of business intelligence and due diligence practices that can help companies and individuals improve their decision making process, and advises its readers to employ full service companies specialized in corporate investigations and asset recovery when required.

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