BRP Inc. Successfully Completes Secondary Share Offering with Bain Capital

BRP Inc. Successfully Completes Secondary Offering

On December 23, 2025, BRP Inc. (trading under the symbol DOO on TSX and NASDAQ) announced the successful closing of a previously declared bought deal secondary offering. This offering involved Bain Capital Integral Investors II, L.P. (Bain) selling a total of 1,850,000 subordinate voting shares at a price of C$100.00 each. This transaction yielded gross proceeds amounting to approximately C$185 million for the selling shareholder.

The shares were offered by means of a prospectus supplement dated December 18, 2025, which was filed alongside BRP’s short form base shelf prospectus initially registered on March 26, 2025. This submission was made to securities regulatory authorities throughout Canada, as well as to the U.S. Securities and Exchange Commission (SEC) under an effective registration statement on Form F-10 as part of the U.S./Canada Multijurisdictional Disclosure System.

In this offering, all net proceeds were directed entirely to Bain, with BRP not receiving any financial benefits from the activity. The transaction was facilitated by RBC Capital Markets, which did not receive any over-allotment options associated with the offering.

Following the completion of this offering, Bain and its affiliates were reported to hold 8,603,493 multiple voting shares of BRP, reflecting roughly 11.72% of the total issued shares and approximately 20.73% of the voting power attributed to all shares.

The alignment of BRP’s shares on both the Toronto Stock Exchange and Nasdaq highlights the company’s robust standing in the market. This significant transition emphasizes Bain’s ongoing commitment to the company and its role within BRP’s complex ownership structure.

Alongside its ongoing financial maneuvers, BRP Inc. remains a preeminent force in the powersports industry. With a legacy spanning over 80 years, BRP has nurtured an array of innovative products and services that cater to a consumer base around the globe. The company's product lineup includes renowned brands such as Ski-Doo for snowmobiles and Sea-Doo for watercraft, in addition to off-road vehicles under the Can-Am name, Quintrex boats, and the Rotax marine propulsion systems and engines for various recreational applications.

Headquartered in Quebec, Canada, BRP reported an impressive annual revenue of C$7.8 billion from over 130 countries, underlining its extensive reach and significant workforce, numbering approximately 16,500 dedicated employees as of January 31, 2025.

In alignment with modern market trends, BRP is also moving towards the development of electric models across its existing product lines, showcasing its commitment to sustainable innovation and responsibility towards environmental stewardship.

This secondary share offering positions BRP to enhance its capital structure while simultaneously maintaining its core mission of delivering unparalleled experiences to its users across diverse outdoor environments. By ensuring strong financial backing, BRP sets itself up for future growth, while strengthening its partnerships and investor relations.

As BRP continues to evolve, it strengthens its tracing in both existing and emerging markets, reaffirming its status as a leading entity in the powersports sector and diversifying its portfolio for the future.

For more information on BRP Inc. and its product offerings, visit www.brp.com.

Keywords: BRP, Bain Capital, Secondary Offering