Bain and Caisse de dépôt wrap up $223 mln sale of BRP shares
Bain Capital and the Caisse de dépôt et placement du Québec have closed their previously announced sale of 8 million subordinate voting shares in Valcourt, Québec-based Bombardier Recreational Products Inc (BRP, TSX: DOO). The secondary transaction generated gross proceeds of about $223 million. BRP, which develops, manufactures and distributes power sports vehicles, was bought in 2003 by Bain, the Caisse and members of the Bombardier family. The company completed an initial public offering on the Toronto Stock Exchange earlier this year.
10 October 2013•4 mins read
