Berkshire ties up with women's apparel retailer Aritzia
20 Dec '05
3 min read
"Brian Hill has built a recognized industry leader in an extremely demanding industry," stated Kevin Callaghan, Managing Director at Berkshire Partners. "They believe that Aritzia's superior market position is driven by the Company's customer focus, cutting-edge vision, and creative management team.They look forward to supporting the Company in its next phase of growth."
Capital West Partners, a Canadian-based investment banking firm, represented Aritzia in the equity transaction. BNP Paribas and CIBC provided debt financing.
Berkshire Partners has invested in mid-sized private companies for the past twenty years through six investment funds with aggregate capital commitments of approximately $3.5 billion.
Aritzia LP, a leading retailer in women's apparel in Canada, British Columbia. Founded in 1984 by Brian Hill, Aritzia is an off-shoot of Hill's of Kerrisdale, a long-established Vancouver department store owned and operated by the Hill family. Aritzia's 18 existing boutiques exist in premier mall and high street locations in Vancouver, Calgary, Edmonton, Toronto and Ottawa.
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