A fund managed by Boston-based private equity firm Berkshire Partners LLC and The Bensadoun Family Foundation raised about C$100.1 million in a just-completed secondary offering of 6,050,000 subordinate voting shares of apparel and accessories brand Aritzia Inc.

The offering, which priced at C$16.55 per share, comes with an underwriters' 30-day overallotment option to buy up to 907,500 additional shares from the Berkshire shareholder, for additional gross proceeds of about C$15.0 million if fully exercised.

Aritzia did not receive any proceeds from the share sale. The Bensadoun Family Foundation is a charitable group controlled by Aritzia director Aldo Bensadoun.

CIBC Capital Markets and RBC Capital Markets led the syndicate of underwriters in the bought-deal offering.