TORONTO ONTARIO Canada Goose one of the world’s leading manufacturers of extreme weather outerwear today announced the completion of a definitive agreement to sell a majority stake in the company to Bain Capital a leading global private investment firm Dani Reiss will remain President and CEO and continue to own a significant minority stake in the company Financial terms of the private transaction were not disclosed
Starting out in a small warehouse in Toronto Canada more than 55 years ago Canada Goose is today recognized globally for its iconic and authentic apparel which is sold in over 50 countries Employing more than 1,000 people around the world the company’s rapid growth includes recently doubling production capacity in Winnipeg by moving into a 57,000 square-foot facility as well as moving its Toronto manufacturing operations into a new 90,000 square-foot building – a 60 per cent increase over its previous location
With this investment we’re able to amplify what has driven our success for the last + years delivering the best and warmest jackets to the rest of the world – all proudly made in Canada said Reiss Bain Capital has a long and impressive track record of successfully investing in beloved Canadian companies and we are thrilled to bring them on board They’re the right partner with the right resources and people to help us reach our potential ‘
Bain Capital has a history of successful investments in a variety of Canadian consumer brands and retail companies including Shoppers Drug Mart Bombardier Recreational Products and BTI Systems
Dani and the Canada Goose management team have already accomplished a great deal in establishing the premium outerwear category and creating a unique global brand that exudes authenticity said Ryan Cotton a Principal at Bain Capital We are very excited to employ our global resources and experience to help the team continue to build the business and fuel an even more successful future ‘
Canaccord Genuity Corp served as financial advisor Deloitte LLP served as accounting advisor and Torkin Manes LLP served as legal counsel to Canada Goose Ropes amp Gray LLP Stikeman Elliott LLP Loyens amp Loeff Luxembourg S a r l and Maples and Calder served as legal counsel and PwC LLP served as accounting advisor to Bain Capital Financing was provided by CIBC
About Bain Capital
Bain Capital LLC is a global private investment firm that manages several pools of capital including private equity venture capital public equity credit products and absolute return with approximately 70 billion in assets under management Bain Capital has a team of over 300 professionals dedicated to investing and to supporting its portfolio companies Since its inception in 1984 Bain Capital has made private equity growth and venture capital investments in over 450 companies around the world including such leading consumer and retail companies as Jack Wolfskin Shoppers Drug Mart Bombardier Recreational Products Inc , Samsonite BTI Systems and Burlington Stores Inc The firm has offices in Boston New York Chicago Palo Alto London Munich Tokyo Shanghai Hong Kong and Mumbai a href=”http://www baincapital com target=”_blank”>www baincapital com
