By  on February 20, 2014

Golden Gate Capital potentially made itself close to $1 billion in less than a week.

On Wednesday, the private equity fund earned up to $150 million when Signet Jewelers Ltd. agreed to buy Zale Corp. for $1.4 billion in cash. Signet is paying Zale shareholders $21 a share, a 40.8 percent premium to Zale’s closing share price of $14.91 on Tuesday. Golden Gate owns 22 percent of Zale, making its stake worth about $150 million.

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