Transactions & Cases Detail
Aritzia Completes C$460M IPO
October 3, 2016
General Merchandising / Retail
460 Million CAD
On October 3, 2016, Aritzia Inc. completed its initial public offering and listing on the Toronto Stock Exchange, through a secondary offering by shareholder entities controlled by Brian Hill, founder and Chief Executive Officer of Aritzia, and Berkshire Partners LLC, respectively.
The underwriting syndicate was led by CIBC Capital Markets, Merrill Lynch Canada Inc. and TD Securities Inc., as joint bookrunners. Aritzia’s subordinate voting shares were offered at $16.00 per share, for aggregate gross proceeds to the selling shareholders of C$460,000,000. This transaction represents the largest Canadian IPO to date in 2016 and a major milestone for the Vancouver-based retailer.
Vancouver-based Aritzia is a rapidly growing innovative design house and fashion retailer of exclusive brands.
McCarthy Tétrault advised Mr. Hill with a team that included Genevieve Pinto, David Woollcombe, Claire Sung, Ainslie Hurd, Robin Mahood, and Cameron Belsher.