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.
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