Bain Capital to sell part of its stake in BRP to RBC Capital Markets in bought deal
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VALCOURT – Bain Capital Integral Investors II, L.P. is selling part of its stake in Valcourt, Que.-based Ski-Doo maker BRP Inc. in a deal that will see RBC Capital Markets complete a secondary offering.
Under the terms of the agreement, RBC Capital Markets agreed to purchase 1.85 million BRP shares at a price to the public of $100 per share, slightly lower than Wednesday’s closing price of $104 per share.
Bain and its affiliates will hold about 8.6 million shares after the offer closes, representing around 11.7 per cent of BRP’s total shares.
Currently, Bain holds around 10.4 million shares, accounting for about 14.2 per cent of issued and outstanding shares.
The offer is expected to close next week and is subject to customary closing conditions.
Last week, BRP named Denis Le Vot as its next CEO beginning on Feb. 1 when its current chief executive, José Boisjoli, is slated to step down.
This report by The Canadian Press was first published Dec. 17, 2025.
Companies in this story: (TSX:DOO)