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.
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- Date
- May 2013
- Company
- BRP Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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