Bain Capital to take majority interest in iconic apparel manufacturer Canada Goose
Canada Goose Inc, a Toronto-based manufacturer of extreme weather outerwear, has agreed to be bought by U.S. private equity firm Bain Capital. The financial terms of the deal were not published. Dani Reiss, president and CEO of Canada Goose, will continue to own a significant minority stake in the company. In a statement, Reiss said the partnership with Bain would help Canada Goose to accelerate its global growth, and "amplify what has driven our success for the last 15-plus years." Founded in 1957, Canada Goose today sells its apparel products in over 50 countries. Bain has previously done a number of deals in Canada, including its Feb. 2013 investment in BTI Systems Inc, and its on-going investment with the Caisse de dépôt et placement du Québec in BRP Inc.
