Bain and Caisse de dépôt to sell portion of BRP shares for $222.8 mln
Bain Capital and the Caisse de dépôt et placement du Québec have agreed to dispose of a portion of their holdings in Valcourt, Québec-based Bombardier Recreational Products Inc (BRP, TSX: DOO). Through a secondary offering, Bain and the Caisse will sell 8,000,000 subordinate voting shares of the company for around $222.8 million. BRP, which develops, manufactures and distributes power-sports vehicles, was acquired in 2003 by Bain, the Caisse and members of the Bombardier family. The company completed an initial public offering on the Toronto Stock Exchange in May 2013.
20 September 2013•4 mins read
