Shearman & Sterling represented Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA, as joint lead arrangers and joint bookrunners, in a $1.2 billion term loan and a $250 million asset-based revolving credit facility supporting the merger of J. Crew Group, Inc. with Chinos Acquisition Corporation, an affiliate of TPG Capital, L.P. and Leonard Green & Partners, L.P. TPG Capital and Leonard Green & Partners agreed to acquire the outstanding shares of common stock of J. Crew for $43.50 per share in cash per terms of the merger agreement announced in November 2010.

The Shearman & Sterling team was led by partner Monica L. Holland (New York-Finance) and included partners Ronald M. Bayer (New York-Finance), Lisa M. Brill (New York-Real Estate), Kirsten Nelson Cunha (New York-Litigation), Alan Goudiss (New York-Litigation), William E. Hirschberg (New York-Finance), Jason Lehner (Toronto/New York-Capital Markets), and Don Lonczak (Washington-Tax); counsel Barbara Edwards (New York-Finance); associates Jocelyn Bush (New York-Finance), Timothy Franklin (New York-Intellectual Property Transactions), Matthew Gautier (New York-Finance), Gloria Jung (New York-Intellectual Property Transactions), Danielle Kalish (New York-Finance), Devin S. Lei (New York-Finance), Joanne Lynch (New York-Real Estate), Jennifer M. Pacella (New York-Finance), Eva Rasmussen (New York-Executive Compensation & Employee Benefits), Christian Rudloff (New York-Real Estate), Noah Stacy (New York-Finance), Jeffrey B. Tate (Washington, DC-Tax); and legal assistant Sunita Daswani (New York-Finance).