On October 21, 2020, Bain Capital announced the closing of previously announced secondary offering pursuant to which Bain Capital and other shareholders agreed to sell an aggregate of 2,000,000 subordinate voting shares of BRP for total gross proceeds of CA$ 150,900,000.
A total of 1,618,011 shares were offered by Bain Capital. The subordinate voting shares were offered by BMO Capital Markets, which has not been granted an over-allotment option in connection with the offering.
Following the closing of the offering, Bain Capital now holds 15,796,615 multiple voting shares, representing approximately 18.0% of the issued and outstanding shares and approximately 30.8% of the voting power attached to all of the shares.
BRP's subordinate voting shares are listed on the Toronto Stock Exchange (TSX) and Nasdaq Global Select Market (NASDAQ).
A Fasken team composed of Neil Kravitz, Janie Harbec and Frédérique Tremblay acted on behalf of Bain Capital in connection with this transaction.
