J. W. Childs Associates Acquires Shoe Sensation from Palisade Capital Management
Troutman Sanders was mentioned in an August 4 Pittsburgh citybizlist article about J. W. Childs Associates, LP, a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies, announcing its acquisition of a majority interest in Shoe Sensation, a family footwear retailer, from Palisade Concentrated Equity Partnership II, L.P., a private equity partnership managed by Palisade Capital Management, LLC. Financial terms of the investment were not disclosed.
This acquisition represents the third investment by J. W. Childs since the formation of J. W. Childs Equity Partners IV, L.P. in April 2014.
New York partner Jim Kaplan, Richmond partners John Owen Gwathmey and Lynda Crouse, and Richmond associate Clayton De Arment provided legal counsel to Palisade Concentrated and Shoe Sensation in the deal.