Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering.
About
BRP Inc. (“BRP” or the “Company”) (TSX: DOO), a portfolio company of Bain Capital and Caisse de dépôt et placement du Québec, recently completed a follow-on offering of 8,000,000 shares of common stock at a price of C$27.85 per share, generating gross proceeds of approximately C$222.8 million. All shares offered were sold by selling shareholders. The Company will not receive any proceeds from the sale of shares in this offering.BRP is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. Distributed in 105 countries, BRP’s portfolio of brands and products includes Ski Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can Am roadsters, Evinrude outboard engines, as well as Rotax propulsion systems. BRP employs approximately 6,800 people worldwide. BRP is headquartered in Valcourt, Québec, Canada.
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- Date
- October 2013
- Company
- BRP Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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