Advent has 24.9% ownership interest in Lululemon Athletica

By Lisa Kerner

Charlotte, N.C., Feb. 7 - Lululemon Athletica, Inc. investors led by Advent International Corp. reported the purchase of 1,181,275 shares of the company's stock over the past 60 days.

The investors disposed of 5 million shares during the same period, according to a schedule 13D filing with the Securities and Exchange Commission.

Following the transactions, Advent beneficially owns 11,610,276 shares, or 24.92%, of Lululemon's outstanding stock.

On Jan. 29, the investors completed an in-kind distribution of 5 million shares of Lululemon's common stock to certain Advent partners. The number of shares indicated as being beneficially owned gives effect to the distribution of such shares, the filing stated.

Lululemon is an athletic apparel designer and manufacturer based in Vancouver, B.C.

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