By  on December 30, 2013

An affiliate of private equity firm The Blackstone Group has invested $198 million in Crocs Inc. for the purchase of 200,000 shares of the company's Series A Convertible Preferred Stock.

The closing of the transaction will be after Jan. 27, according to a regulatory filing, Form 8-K, with the Securities and Exchange Commission Monday. The Blackstone affiliate is Blackstone Capital Partners.

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