Banking Recap

Victoria's Secret & Co. Announces Acquisition

This transaction is a cash acquisition in which Victoria's Secret & Co., trading under the ticker VSXY, acquired Adore Me, Inc. The deal falls within the consumer and retail sector, and the disclosed value of the transaction is not stated in the source document.

Jan 3, 2023·SEC EDGAR (8-K)·pending regulatory·cash acquisition

The deal is sourced from an SEC EDGAR Form 8-K filing published on January 3, 2023. According to the facts provided, the transaction's status is pending regulatory approval.

On the financial advisory side, Goldman Sachs acted as financial advisor to VS&Co, the acquirer, and is identified as the lead advisor on that side of the transaction. Credit Suisse acted as financial advisor to Adore Me, the target, and is likewise identified as the lead advisor for the target. The source language for each side pairs the financial advisor directly with the corresponding legal counsel for that party.

On the legal side, Kirkland & Ellis provided legal counsel to VS&Co, the acquirer, while WilmerHale provided legal counsel to Adore Me, the target. Both legal advisor relationships are drawn from the same source sentences that identify the financial advisors on each side.

No additional detail on the structure of the cash consideration, such as a per-share price or any adjustment mechanisms, is included in the facts provided for this transaction.

Several aspects of this deal are not disclosed in the available material. The deal value is explicitly noted as not stated in the source document, and no expected closing date is given. No further detail is provided on the specific terms of the cash consideration or on the regulatory approvals required to complete the transaction.