BRP shareholder Bain closes $136.06M secondary offering

Executive Summary

• BRP Inc. and its principal shareholder, Bain Capital Integral Investors II LP, announced the closing of a previously announced bought deal secondary offering.
• Bain Capital sold 1.5 million subordinate voting shares of BRP Inc. to the public, generating total gross proceeds of $136,065,000.
• All net proceeds from the offering were paid directly to the selling shareholder, Bain Capital; BRP Inc. did not receive any proceeds from the transaction.

Key Details

• Transaction Structure: Bought deal secondary offering.
• Selling Shareholder: Bain Capital Integral Investors II LP.
• Shares Sold: 1.5 million subordinate voting shares.
• Purchase Price: $90.71 per subordinate voting share.
• Gross Proceeds: $136,065,000.
• Use of Proceeds: All net proceeds paid directly to the selling shareholder; no proceeds received by BRP Inc.
• Underwriter: BMO Capital Markets (no overallotment option granted).
• Regulatory Filings: Offered via prospectus supplement dated Sept. 10, 2025, to the short form base shelf prospectus dated March 26, 2025, filed with Canadian securities regulatory authorities and the U.S. SEC (Form F-10).
• Post-Closing Ownership: Upon closing, Bain and its affiliates held 10,496,629 multiple voting shares, representing approximately 14.35% of issued and outstanding shares and approximately 24.39% of voting power.
• Listing Symbols: DOO (Toronto Stock Exchange) and DOOO (Nasdaq Global Select Market).

Notable Quotes

• None provided in the text.