Bain Capital, Dani Reiss, management to sell $426M Canada Goose shares

Canada Goose Holdings Inc. (TSX/NYSE: GOOS) has filed a short form base PREP prospectus for a secondary offering of 12,500,000 subordinate voting shares by Bain Capital, Dani Reiss and certain members of the company management.

Based on the closing price of CDN $29.63 on June 13, 2017, the offering is valued at $370.4 million. The selling shareholders have granted underwriters an over-allotment option for 1,875,000 additional subordinate shares. If the option were to be exercised in full, the selling shareholders will received additional $55.6 million in proceeds.

The secondary offering is conducted in Canada by CIBC World Markets Inc., Credit Suisse Securities (Canada), Inc., Goldman Sachs Canada Inc. and RBC Dominion Securities Inc. and in the United States by certain U.S. broker-dealers.

Stikeman Elliott LLP and Ropes & Gray LLP act as Canadian and US legal counsel to Canada Goose respectively. Osler, Hoskin & Harcourt LLP and Latham & Watkins LLP act as legal counsel to the underwriters.

Immediately after the closing of the offering, Canada Goose Holdings will have 35,894,725 subordinate voting shares and 70,894,076 multiple voting shares outstanding or 37,769,725 subordinate voting shares and or 69,019,076 multiple voting shares outstanding if over-allotment option exercised in full.

Bain Capital and Dani Reiss currently control 58,315,708 (70.0%) and 24,992,446 (30.0%) multiple voting shares respectively.

photo credit: Canada Goose

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.