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Berkshire Partners to acquire The William Carter Co.

New York – Locally based Investcorp and Boston-based Berkshire Partners LLC recently signed a definitive agreement under which Berkshire will acquire The William Carter Co. (Carter’s) from Investcorp and its clients for approximately $450 million.

The transaction, which is expected to close in the third quarter of 2001, involves the continuing leadership of the company’s senior management.

Carter’s, the Morrow, Ga.-based marketer of baby, toddler and young children’s apparel, has been in operation for nearly 136 years.

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