Date Closed

January 26, 2024

Lead Office

Montréal

Value

182.00 Million CAD

On January 26, 2024, RBC Dominion Securities Inc. completed an agreement with Bain Capital Integral Investors II, L.P to purchase 2,000,000 subordinate voting shares of BRP Inc. in a secondary offering at a price of C$91.00 per share for aggregate gross proceeds of C$182 million. The subordinate voting shares were offered by RBC Dominion Securities Inc.

RBC Dominion Securities Inc. provides investment banking and wealth management services to individuals, families, businesses, charitable foundations, and other organizations in Canada and internationally.

BRP Inc., located in Quebec, is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems.

Bain Capital, headquartered in Boston, Massachusetts, is an American private investment firm that focuses on private equity, credit, public equity, venture capital and real estate.

McCarthy Tétrault LLP advised the RBC with a team led by Clemens Mayr and Vincent Laurin that included Victoria de Luna and Mariya Voloshyn (Business).