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Transaction/Case Details

BRP Inc. completes C$433.5M Bought Deal Offering

DATE CLOSED

October 17, 2017

BUSINESS SECTOR

Automobile / Vehicles and Parts Manufacturers

LEAD OFFICE

Montreal

VALUE

433.5 Million CAD


OVERVIEW

On October 17, 2017, BRP Inc. announced the closing of a bought deal secondary offering pursuant to which Beaudier Inc. and 4338618 Canada Inc. (collectively, the Beaudier Group), Bain Capital Luxembourg Investments S.à r.l. (Bain), Caisse de dépôt et placement du Québec (CDPQ) and other selling shareholders sold an aggregate of 10,000,000 subordinate voting shares of BRP Inc. at a price of C$43.35 per share for aggregate gross proceeds of C$433,500,000 to the selling shareholders.

The subordinate voting shares were offered by an underwriting syndicate led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. acting as joint bookrunners, and including CIBC World Markets Inc., Citigroup Global Markets Canada Inc., Desjardins Securities Inc., National Bank Financial Inc., TD Securities Inc., UBS Securities Canada Inc., Canaccord Genuity Corp., Scotia Capital Inc. and Robert W. Baird & Co. Incorporated.

BRP Inc. (formerly  Bombardier Recreational Products Inc.) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. The company is based in Quebec.

McCarthy Tétrault LLP advised BMO Capital Markets with a team led by Clemens Mayr that included Charles-Antoine Soulière, Laure Fouin, and Jessica Rousseau.

 

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