Bain Capital is reportedly considering the sale of part or all of its controlling stake in Canada Goose Holdings, Inc., according to sources cited by Bloomberg.
The private equity firm is reportedly working with advisers and gauging interest from potential buyers, including other private equity groups.
Bain first acquired its stake in Canada Goose in 2013 and took the Toronto-based outerwear firm public in 2017. As of the end of March, the firm held 60.5 percent of Canada Goose’s multiple voting shares, which carry 10 times the voting power of the company’s publicly traded stock, giving Bain 55.5 percent of total voting control at the firm.
Discussions remain in the early stages, and there is no guarantee that a transaction will take place, the sources added. Other shareholders may also consider participating in a deal.
Shares of Canada Goose have gained about 23 percent this year, giving the company a market value of $1.26 billion.
Both Bain Capital and Canada Goose declined to comment on the reported stake sale.
Image courtesy Canada Goose
