Lee Ainslie's hedge fund firm Maverick Capital filed an amended 13D and a Form 4 with the SEC regarding shares of Bluefly (BFLY). Per the filings, Maverick has sold out of its BFLY position and no longer owns any shares. On May 23rd, Maverick sold its 3,704,101 shares.
Bluefly just announced that Clearlake Capital Partners has purchased 90% of outstanding shares from the company's principal stockholders and also entered into an agreement with the company where they bought additional shares from the company. Clearlake is looking to re-energize the business.
Per Google Finance, Bluefly is "an online retailer of designer apparel brands and accessories at discount prices."
To see what US stocks Maverick has been buying, head to the just released issue of our premium newsletter.
Wednesday, May 29, 2013
Maverick Capital Exits Bluefly Stake; Clearlake Capital Buys 90% of Company
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