Berkshire-backed retailer Aritzia files for initial public offering
Aritzia Inc, a retailer of women’s apparel and accessories, has filed with securities regulatory authorities across Canada for an initial public offering of subordinate voting shares. No financial terms were disclosed. The transaction contemplates a secondary offering of shares held by Brian Hill, Aritzia's founder and CEO, and by U.S. private equity firm Berkshire Partners, which acquired a controlling stake in the company in December 2005. CIBC World Markets Inc, Merrill Lynch Canada Inc and TD Securities Inc are leading the sale. Based in Vancouver, Aritzia was established in 1984 and today has more than 75 locations in cities across Canada and the United States.
18 August 2016•3 mins read
