Bain Capital’s Canada Goose wraps up IPO, raises $390 mln


Copyright © 2017 Canada Goose Inc.

Canada Goose Holdings Inc (TSX, NYSE: GOOS), a portfolio company of Bain Capital, has closed its initial public offering in Canada and the United States. Canada Goose raised about $390 million in gross proceeds, which includes the full exercise of an over-allotment purchase option granted to underwriters. Announced earlier this year, the IPO included a secondary sale by Bain. With its close, the U.S. private equity firm remains the company’s majority shareholder. Toronto-based Canada Goose is a designer and maker of luxury outdoor apparel. The public sale reportedly valued it at about $1.8 billion.

PRESS RELEASE

Canada Goose Announces Closing of Initial Public Offering and Over-allotment Option

March 21, 2017

TORONTO–(BUSINESS WIRE)–Canada Goose Holdings Inc. (“Canada Goose” or the “Company”) (NYSE: GOOS, TSX: GOOS) today announced the closing of its initial public offering of 23,000,000 subordinate voting shares at an initial offering price of C$17.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to 3,000,000 additional subordinate voting shares.

An aggregate of 16,691,846 subordinate voting shares have been sold by selling shareholders as part of the offering. The Company will use the net proceeds it received under the offering to repay a portion of outstanding indebtedness and has not received any proceeds from the subordinate voting shares sold by the selling shareholders.

CIBC Capital Markets, Credit Suisse, Goldman, Sachs & Co. and RBC Capital Markets served as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Morgan Stanley, Barclays, BMO Capital Markets, TD Securities and Wells Fargo Securities also acted as joint book-running managers and Baird and Canaccord Genuity acted as co-managers for the offering.

The offering has been made only by means of a prospectus. A copy of the prospectus relating to this offering may be obtained from any of the following sources:

CIBC Capital Markets, 22 Front Street West, Mailroom, Toronto, ON, M5J 2W5, by telephone at (416) 956-3636, or by email at [email protected]
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037, or by email at [email protected]
Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at [email protected]
RBC Capital Markets, Attention: Simon Yeung, Distribution Centre, RBC Wellington Square, 8th Floor, 180 Wellington St. W., Toronto, Ontario, M5J 0C2, by telephone at (416) 842-5349 or by e-mail at [email protected]
A registration statement relating to the securities referred to herein was declared effective by the U.S. Securities and Exchange Commission on March 15, 2017 and the Company obtained a receipt for a final base PREP prospectus and filed a supplemented PREP prospectus each dated March 15, 2017 and each relating to these securities with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referred to herein in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Canada Goose

Founded in a small warehouse in Toronto, Canada 60 years ago, Canada Goose has grown into a global outerwear brand. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The Company’s jackets are sold in 36 countries around the world, including in two owned retail stores and four e-commerce stores.

Contacts
ICR
Jessica Liddell, 203-682-8208
[email protected]

Photo courtesy of Canada Goose Holdings Inc

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