Rue21 buyout complete, but painful lesson for bankers remains

|About: Rue21 Inc (RUE)|By:, SA News Editor

The acquisition of Rue21 (RUE) by funds advised by Apax Partners has been completed at the appointed $42 per share.

The buyout ended up leaving a few investment banks scrambling when Rue21's sales slump affected debt pricing.

Analyst think the fallout could mean a more conservative stance by bankers in future retail M&A deals.