US apparel retailer J Crew has announced the completion of its acquisition by private equity firms TPG Capital and Leonard Green & Partners.

The transaction was approved by J Crew’s stockholders, and the company's common stock will be delisted from the New York Stock Exchange.

J Crew's shareholders last week voted in favour of the US$3bn takeover deal, first tabled in November but delayed after prospective buyers were given extra time to enter into negotiations.