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Published: Wednesday, 8/29/2012

Private equity firm to buy David's Bridal

BLADE STAFF AND NEWS SERVICES

NEW YORK — Private equity firm Clayton, Dubilier & Rice says it is buying David's Bridal Inc. in a deal that values the private company at about $1.05 billion.

Private equity firm Leonard Green & Partners, which bought the retailer in 2006, will remain a minority partner.

David's Bridal produces and sells a variety of bridal and special occasion apparel and accessories through a network of more than 300 stores in North America, including one on Monroe Street near Talmadge Road in the Franklin Park area of Toledo.



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