专栏作者：余燕，CFA（华丽志创始人）
加拿大瑜伽服饰品牌 lululemon（露露柠檬）是本世纪最成功的新兴运动品牌，当前的市值近500亿美元。但在2007年公司登陆纳斯达克之前，lululemon 只经历过一次私募股权融资。那么谁曾如此幸运地捕捉到了这个时间窗口，谁又是其中的最大赢家呢？
本文我将基于2007年的 lululemon 招股说明书，公司历年财务报告，品牌创始人的自传，核心投资人的专访等重要历史素材，结合我对于20世纪末期北美时尚品牌并购活动的研究，来为大家解读这次融资的前因后果和交易细节。
正如我在这个专栏的第一篇所讲的，对于正在成长的创业公司和细分赛道，嗅觉最敏锐，出手最快的，往往都是深耕行业多年的战略投资者。20 …
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