Deal Details
Initial Public Offering
Summary
Baird served as co-manager on this offering
About
BRP Inc. (“BRP” or the “Company”) (TSX: DOO), a portfolio company of Bain Capital, Beaudier Group and Caisse de dépôt et placement du Québec, recently completed an initial public offering of 12,200,000 shares of common stock at a price of C$21.50 per share, generating gross proceeds of approximately C$262.3 million. The Company intends to use the net proceeds from the offering to repay indebtedness under its term facility. BRP is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. The Company’s diversified portfolio of brands and products includes Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs, Can-Am ORVs (which include ATVs and SSVs), Can-Am Spyder roadsters, Evinrude outboard engines and Rotax engines for karts, motorcycles, boats and recreational and small aircraft. Additionally, the Company supports its line of products with a dedicated parts, accessories and clothing business. BRP's products are widely recognized for their superior design, technology, quality, performance and fit and finish. BRP is headquartered in Valcourt, Québec, Canada.For additional information about this transaction, please contact:
- Date
- May 2013
- Company
- BRP Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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