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Transaction/Case Details

Bombardier Recreational Products completes C$262.3 million initial public offering

DATE CLOSED

May 29, 2013

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Montreal

VALUE

262.3 Million CAD


OVERVIEW

On May 29, 2013, Bombardier Recreational Products (BRP or the Company) announced the closing of its initial public offering of 12.2 million subordinate voting shares of the Company at a price of C$21.50 per share resulting in gross proceeds to the Company of approximately C$262.3 million.

The offering was made through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, UBS Securities Canada and Citigroup Global Markets Canada, acting as joint bookrunners, and including Wells Fargo Securities LLC, CIBC World Markets, Desjardins Securities, Scotia Capital, National Bank Financial and Robert W. Baird & Co. Incorporated.

This was one of the largest and most high profile Canadian IPO’s of 2013.

BRP, headquartered in Valcourt, Québec, is a designer, developer, manufacturer, distributor and marketer of powersports vehicles.

McCarthy Tétrault LLP represented the joint bookrunners.The team consisted of Clemens Mayr, Alicia De Praeter, Philippe Fortier, Anne-Marie Naud, Matthew Lawson, Max Rogan, Jerome Turcotte Routhier, Véronique Wattiez Larose, Rachel Solyom, Lorraine Allard, Cindy Vaillancourt, Dominique Amyot-Bilodeau, Charles Flicker, Laurent Gauthier, Lindsay Hollinger, Christian Meighen, and Céline Legendre.

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