Investment firm TowerBrook Capital Partners is to acquire multi-channel women's fashion retailer J Jill.

TowerBrook will acquire J Jill from Arcapita and private equity firm Golden Gate Capital. Financial terms of the transaction were not disclosed.

J Jill, which produces women's apparel, accessories and footwear, has an evolving data-driven omni-channel platform, a base of around 250 stores, a catalogue and website. Paula Bennett will remain in her current role as CEO of J Jill, working alongside TowerBrook.

"The sale of J Jill reflects our industry leading success, having just completed our best sales year in history and 12 quarters of consecutive growth," Bennett said of the deal. "[TowerBrook's] investment in J Jill provides support for future development and the ability to maximise our potential as a brand and business. We have a shared vision to capitalise on our understanding of our customer and the strength of our omni-channel business. We look forward to the opportunities ahead for J Jill to continue to delight, inspire and guide our customers."