Foley Hoag Represents Mill Road Capital in its Acquisition of R.G. Barry Corporation

September 18, 2014

Foley Hoag represented Mill Road Capital, a Connecticut-based private investment firm focused on investing in publicly traded micro-cap companies, in its recent $215 million going-private acquisition of R.G. Barry Corporation. Blackstone Tactical Opportunities participated as an equity investor in the transaction alongside Mill Road Capital. R.G. Barry is now a private company approximately 50%-owned by Mill Road Capital and 48%-owned by Blackstone, with the remaining 2% held by a consortium of institutional investors. Golub Capital arranged the debt financing in support of the transaction.

The Foley Hoag team representing Mill Road Capital was led by Peter Rosenblum, Mark Haddad and Malcolm Henderson, with support from others at the firm, including Alex Khalarian, Adrienne Ellman, Diana Lo, Brendan Burke, Matthew Baltay, Theresa Martland and Kip Cawley.

Ohio-based R.G. Barry Corporation is a leading developer and marketer of accessory lifestyle brands and products that provide fashion and function for a great life. The Company offers products in three distinct segments of the accessory universe – footwear, handbags and foot care.