Berkshire receives $211M from Aritzia secondary offering

Ted Liu

Berkshire Partners, LLC has received $210.93 million in gross proceeds, as part of $350.75 million secondary offering by Aritzia Inc. (TSX: ATZ) completed today.

Berkshire Partners has so far received $441.29 million in gross proceeds from sales of Aritzia shares, including $230.36 million from the secondary offering as part of Aritzia’s initial public offering on October 3, 2016.

Bershire Partners remains as Aritzia’s controlling shareholder with 51.1% voting control. Its remaining stake is worth approximately $755.7 million based on the secondary offering price of $17.45. Aritzia stock closed at $16.60 on January 25, 2017.

Berkshire Partners acquired a majority stake in Aritzia in December 2005.

photo credit: Aritzia