Baird served as a co-manager on this offering.
AboutBRP 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.
For additional information about this transaction, please contact:
- October 2013
- BRP Inc.
- Target Location
- North America