J.Jill Bought by Private Equity Firm

A private equity firm said this week that it would buy retailer J.Jill, which specializes in casual women's fashion, shoes and accessories. TowerBrook Capital Partners, based in New York and London, will take over the fashion company from investment firm Arcapita and private equity firm Golden Gate Capital. Financial terms weren't disclosed. J.Jill, based in Quincy, Mass., has more than 250 stores nationwide.