Kinbow LLC Acquires Majority Stake in Ashley Stewart, Inc.

April 1, 2024

Kinbow LLC has acquired a majority stake in Ashley Stewart, Inc. from ASI Holdco, LLC. Kinbow — an affiliate of RA Capital owned by Ram Ajjarapu — plans to continue operating Ashley Stewart's brick-and-mortar stores and e-commerce business and retain the retailer's management team as it expands its position in the value fashion retail market.

Buyers
Kinbow LLC, RA Capital
Targets
Ashley Stewart, Inc.
Sellers
ASI Holdco, LLC
Industry
Retail
Location
New Jersey, United States
Transaction Type
Buyout

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