Balandra Capital completes sale of its minority stake in the Mexican Licensee of Lululemon
Mexico City, Mexico (September, 2024)
Balandra Capital announced that it has successfully sold its minority stake in Lululemon Athletica, the Mexican master franchise.
This successful exit underscores Balandra’s ability to create significant value through strategic oversight and financial engineering. Our initiatives, including debt underwriting, governance improvements, and operational enhancements, have positioned the Company for sustainable growth.
Through a combination of equity and debt injections we facilitated Lulu’s store expansion during our tenure, growing from 6 to 25 total stores.
About Balandra Capital
Balandra Capital is a merchant bank with an investment and advisory platform that serves founders, family offices, businesses, and long-term investors across the Americas.
For more information: www.balandracapital.com
About Lululemon Mexico
The Mexican licensee company of Lululemon Athletica sells high-performance, technical gear that combines functionality, style, and comfort, making it a favorite among athletes and wellness-conscious individuals worldwide.
Contact
Balandra Capital - Investor Relations
