Ropes & Gray Advised Bain Capital and BRP Inc. in C$136 Million Secondary Offering

Ropes & Gray has represented Bain Capital in the sale of 1.5 million subordinate voting shares of BRP Inc., a boating and powersports company, at a purchase price of C$90.71 per subordinate voting share for total gross proceeds of C$136.07 million. Ropes & Gray also acted as U.S. counsel to BRP. The transaction closed on September 12, 2025.

The offering was conducted on a bought deal basis with BMO Capital Markets and was registered in Canada and the United States. In addition, Ropes & Gray advised Bain Capital on a related distribution in kind of 867,388 multiple voting shares of BRP to certain of its affiliates and limited partners.

The team included tax partner David Saltzman.