Berkshire Partners, other investors to sell more Aritzia shares
Vancouver women’s fashion retailer Aritzia Inc (TSX: ATZ), which went public last year, announced that Berkshire Partners and other investors will sell additional shares in the company for $17.45 per share. The secondary deal will generate gross proceeds of up to $403 million. With the close of the initial $351 million offering and another trade, Berkshire will own about 28.7 percent of Aritzia's issued and outstanding subordinate voting shares and multiple voting shares and about 51.1 percent of the related voting power. Berkshire, a U.S. private equity firm, acquired Aritzia in 2005.
12 January 2017•4 mins read
