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 was led by capital markets partners Rachel Phillips and Tristan VanDeventer and included tax partner David Saltzman.
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