Weil Advised Advent International Corporation on its Acquisition of Founder’s Ownership in lululemon athletica, inc.
Posted on:Weil in the News
Weil advised Advent International Corporation on its $845 million acquisition of a 13.85% stake in lululemon athletica, inc. (Canada), a designer, manufacturer and retailer of athletic apparel and accessories, from lululemon founder Dennis J. Wilson. Advent previously invested in lululemon in 2005 and worked closely with Mr. Wilson and five of the Company’s 10 current Board members to help the Company expand from a regionally focused retailer to a globally recognized premium apparel brand. Advent completed its exit from the original investment in June 2009. The transaction closed on September 30, 2014.The Weil team that advised Advent International on the transaction was led by Private Equity partner Marilyn French Shaw.