Francesca’s officially sold to stalking-horse bidder

After filing for Chapter 11 bankruptcy protection in December, Houston-based specialty apparel retailer Francesca’s Holdings Corp. is officially under new ownership.

The company announced after markets closed Feb. 1 that the Section 363 bankruptcy sale to Francesca’s Acquisition LLC, an affiliate of TerraMar Capital LLC; Tiger Capital Group LLC; and SB360 Capital Group LLC has closed.

TerraMar and Tiger served as the stalking-horse bidder going into the Section 363 auction in January. Their…