lululemon athletica (LULU) Founder Wilson Looks to PE for LBO

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Consumer Goods, Consumer Non-Durables, LULU, Lululemon Athletica Inc
Consumer Goods, Consumer Non-Durables, LULU, Lululemon Athletica Inc

lululemon athletica (Nasdaq: LULU) is active Thursday following reports discussing founder Dennis Wilson’s talks with Private Equity about a potential buyout.

The WSJ reports that Wilson is actively exploring options, but a deal isn’t currently in the works. Sources also said that hurdles remain given the premium lululemon might command atop its already steep $6 billion market capitalization.

Wilson, who stepped down as chairman last May, said he had been increasingly unhappy with the direction that lululemon was going. He voted against a new chairman and director at the retailer’s recent annual meeting.

Leonard Green & Partners has been named as one of the potential PE firms working with Wilson.

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