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Fireman exits Hudson to Joe’s Jeans for $98m

16 Jul 2013

Consumer-focused private equity firm of Fireman Capital Partners has agreed to sell Hudson Clothing to Nasdaq-listed Joe’s Jeans for $97.6m, payable in cash and convertible notes.

Based in Los Angeles, California, and founded by Peter Kim in 2002, Hudson makes women’s and men’s branded denim clothing. Kim, who will remain CEO of Hudson, will become a member of the Joe’s Jeans board of directors. Fireman Capital acquired a controlling stake in the company in 2009.

Dan Fireman, managing partner of Fireman Capital, which acquired a controlling stake in Hudson in 2009, said, “We are proud of our partnership with Hudson and all that we have achieved together, and are pleased that Hudson has found a perfect home with Joe’s Jeans to take the company to the next stage in its development.”

Fireman Capital focuses on consumer businesses with revenues between $20m and $150m.

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