Bain Capital Sells Its Remaining Stake in Dollarama for About $302 Million
Bain Dollarama One S. S.à r.l, the biggest institutional investor in Dollarama Inc. (DOL), agreed to sell its stake in the Canadian discount retailer for C$297.6 million ($301.6 million).
Bain Dollarama, an entity indirectly owned by funds advised by Boston-based Bain Capital Partners LLC, agreed to sell its remaining 9.157 million common shares of Dollarama at a gross price of C$32.50 a share. The sale to an unnamed “financial institution” is expected to be completed on June 30, Montreal- based Dollarama said today in a statement.
Dollarama shares have climbed 87 percent since their initial public offering of C$17.50 a share in 2009. The shares fell 43 cents to C$32.75 in trading yesterday on the Toronto Stock Exchange.
To contact the reporter on this story: Sean Pasternak in Toronto at spasternak@bloomberg.net
To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.