BRP Inc., a global leader in the world of powersports products, propulsion systems and boats built, and Bain Capital Integral Investors II, one of the world's leading multi-asset alternative investment firms, have entered into an agreement with RBC Capital Markets.
Under the secondary offering by way of a shelf prospectus supplement, Bain Capital Integral Investors II, L.P. (“Bain”) sold 2,000,000 subordinate voting shares of BRP at a price of C$91.00 per subordinate voting share for an aggregate of C$182 million.
Following the closing of the offering, Bain holds 13,796,615 multiple voting shares and approximately 29.9% of the voting power attached to shares of BRP.
A Fasken team composed of Neil Kravitz and Laura Fabi advised Bain Capital in this transaction.
Jurisdiction
- Québec
