Bain and Caisse Portfolio Company BRP to Raise $262M Via IPO

Valcourt, Québec-based Bombardier Recreational Products Inc. (BRP), which develops, manufactures and distributes power-sports vehicles, such as Ski-Doos and Sea-Doos, has priced its initial public offering of subordinate voting shares at $21.50 per share. The IPO is expected to generate gross proceeds totaling around $262 million. BRP was acquired by Bain Capital, the Caisse de dépôt et placement du Québec and members of the Bombardier family for $960 million in 2003.

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