Simpson Thacher represented the underwriters, led by BMO Capital Markets, Citigroup and RBC Capital Markets, in connection with an offering of subordinate voting shares of BRP Inc. (NASDAQ: DOOO) (“BRP”). Certain existing shareholders of BRP, including affiliates of the Beaudier Group, Bain Capital and certain other selling shareholders, sold all 5,000,000 subordinate voting shares in the offering for aggregate gross proceeds of approximately C$305.9 million for the selling shareholders.
BRP is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. BRP’s diversified portfolio of brands and products includes Can-Am ATVs, SSVs and Spyder vehicles, Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs, Alumacraft, Manitou and Telwater boats, and propulsion systems composed of Evinrude outboard boat engines and Rotax engines for jet boats, karts, motorcycles and recreational aircraft.
The Simpson Thacher team included Art Robinson, Jonathan Ozner and Clark Warthen (Capital Markets); Brian Mendick (Tax); Alysha Sekhon (Intellectual Property); Michael Isby (Environmental); Pasco Struhs (Executive Compensation and Employee Benefits); and Andrew Pagliughi (FINRA and Blue Sky).