BRP Inc., the Canada-based owner of the Ski-Doo, Sea-Doo, and Lynx powersports brands, has closed on the previously announced bought-deal secondary Offering pursuant to which Bain Capital Integral Investors II, L.P. sold 1,850,000 Subordinate Voting Shares of BRP at a purchase price of CN$100.00 per Subordinate Voting Share for total gross proceeds of CN$185,000,000 to the Selling Shareholder.
The Subordinate Voting Shares were offered by way of a prospectus supplement dated December 18, 2025 to the company’s short form base shelf prospectus dated March 26, 2025 filed with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the U.S. Securities and Exchange Commission (SEC) as part of an effective registration statement on Form F-10 under the U.S./Canada Multi-jurisdictional Disclosure System.
- All net proceeds have been paid directly to the Selling Shareholder. The company did not receive any proceeds from the Offering.
- The Subordinate Voting Shares were offered by RBC Capital Markets, which was not granted an over-allotment option in connection with the Offering.
- BRP’s Subordinate Voting Shares are listed on the Toronto Stock Exchange (TSX) and Nasdaq Global Select Market (NASDAQ) under the symbol “DOO”.
Following closing of the Offering and not taking into account certain charitable gifting contributions expected to be completed in connection therewith, Bain and its affiliates held 8,603,493 multiple voting shares of BRP, representing approximately 11.72 percent of the issued and outstanding shares of the company (Shares) and approximately 20.73 percent of the voting power attached to all of the Shares.
Image courtesy Ski-Doo/BRP, Inc.
