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Advent International buys, sells shares of Lululemon Athletica
By Lisa Kerner
Charlotte, N.C., June 18 - Advent International Corp. and its affiliates reported the sale of 1,528,691 shares of Lululemon Athletica, Inc. and the purchase of 2,135,955 shares of the company within the past 60 days.
The investors beneficially own 6,036,265 shares, or 8.86%, of the Vancouver, B.C., athletic apparel manufacturer, according to a schedule 13D filing with the Securities and Exchange Commission.
On Feb. 15, Advent completed an in-kind distribution of 5 million shares of Lululemon Athletica common stock to some Advent partners and claimed ownership of 7,564,956 shares, or 11.20%, of Lululemon's outstanding stock, a prior SEC filing said.
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