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G+G Retail
G+G Retail is a mall-based retailer of popular price female junior apparel and accessories, and operates more than 400 mall-based stores in North America. Most of G+G’s merchandise is marketed under private label names Rave Up, Joule or In-Charge to a core customer base of 13 to 19 year old females.
TGV led an investor group, including senior management, that acquired the company in a $144 million MBO in August 1998 from Petrie Retail.
All of G&G’s debt and equity holders participated in a consensual restructuring of the company’s balance sheet in 2004. As a result of the restructuring, TGV’s equity investment was significantly impaired.