On December 18, 2003, a group of investors comprised of Bain Capital LLC, members of the Bombardier family and Caisse de dépôt et placement du Québec closed the acquisition of Bombardier's recreational products division for a purchase price of $960 million. 

Merrill Lynch & Co., Royal Bank of Canada, UBS Securities LLC, Bank of Montreal and General Electric Capital Corp. arranged a senior secured term loan in the amount of US$280 million, a senior secured revolving loan in the amount of $250 million and a high yield debt financing in the amount of $200 million to partially fund the purchase price. In connection with the acquisition, the purchasers also closed a US$115 million factoring facility with Bombardier Capital Inc.

Caisse de dépôt et placement du Québec was represented in-house by Robert Côté, director, legal; and by Fasken Martineau, with a team led by Robert Paré and Daniel Picotte, and included Mireille Tremblay (corporate), René Cadieux (competition and market regulation) and Alain Ranger and Benoit Dupuis (tax).