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MONTREAL—BRP Inc., the maker of the Can-Am Roadster is planning on going public.

Derek Paisley

Derek Paisley

New member
MONTREAL—BRP Inc., the maker of Ski-Doo and Lynx snowmobiles and Sea-Doo watercraft, is planning to go public.

The company says its initial pubic offering of subordinate voting shares is being made through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, UBS Securities Canada and Citigroup Global Markets Canada.

More coming.




:pray:
D
 
With what I've spent of farkles; I'm buying a piece of them already! :shocked: I might as well get some stock since I'm already doing my dead-level best to keep them successful...
 
I think..!!

we collectively own them..!! :roflblack::roflblack: for all our :cus: they don't listen now..!! :roflblack::roflblack: good to know though..!!
 
I am guessing it will take a lot more $ than most have on SL to buy enough shares of stock to get a voting interest that would be noticed.

Buying a few shares to support the company is a good loyalty thing though. I say go for it.
:thumbup:
 
Derek Paisley said:
MONTREAL—BRP Inc., the maker of Ski-Doo and Lynx snowmobiles and Sea-Doo watercraft, is planning to go public.

The company says its initial pubic offering of subordinate voting shares is being made through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, UBS Securities Canada and Citigroup Global Markets Canada.

More coming.




:pray:
D
Click to expand...

Are you sure they are issue subordinate? The Globe and Mail article does not say.

Yes subordinate. I just found the press release.
That should not be allowed. Should be common.
 
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Here's the article.

MONTREAL - The maker of Ski-Doo snowmobiles is launching an initial public offering.
BRP Inc. says it is planning an offering of subordinate voting shares in the Quebec-based maker of snowmobiles, personal watercraft and all-terrain vehicles.
The company said it believes the outlook for the industry is positive due to the improving economic environment, growth in new product lines and growth in international markets.
"Things are reshaping after the crisis. We think people will want to renew with new technology and new vehicles, what not," said Pierre Pichette, vice-president of communications and public affairs for BRP.
In addition to Ski-Doo, BRP also makes Lynx snowmobiles, Sea-Doo watercraft and boats, Can-Am all-terrain vehicles and Evinrude outboard engines.
BRP would not disclose how many shares it planned to sell or how much they would cost but said that information would be available in the coming weeks.
BRP says it will also issue multiple voting shares to its current owners, who will continue to have significant influence over the company.
The business was spun off from Bombardier Inc. (TSX:BBD.B) in 2003 when it was sold to members of the Bombardier and Beaudoin families, U.S. private equity firm Bain Capital and the Caisse de depot for $960 million.
The company is currently owned by a subsidiary of Bain Capital, the Beaudier group and the Caisse. Bain owns half the equity, the Beaudier group has a 35 per cent stake and the Caisse has 15 per cent.
Beaudier Inc. is a family-owned company controlled by Laurent Beaudoin, who is a former CEO of Bombardier Inc. and a son-in-law of Joseph-Armand Bombardier, the Quebec inventor who founded the company.
BRP says the timing of the IPO is to help the company pay down a US$146-million term loan that matures June 2013 and a US$510-million term loan maturing in June 2016.
"We want to reduce our long-term debt," said Pichette.
The prospectus, which was obtained through DisclosureNet.com, also reveals that the company paid $376 million in special distributions on April 13 and plans to pay an additional $155 million in dividends to its current shareholders prior to closing the IPO.
It expects to spend about $140 million on capital projects in the current financial year, primarily to tool up for new products.
BRP said it does not anticipate paying any dividends on its shares after the offering.
"The company currently intends to use its earnings to finance the expansion of its business and to reduce indebtedness. Any future determination to pay dividends on the shares will be at the discretion of the board of directors," the company said.
At the end of its financial year on Jan. 31, BRP had $542.4 million of cash including $444.8 million of net cash flows from its operating activities.
The company earned $2.9 billion in revenue and a profit of $121 million in the financial year ended Jan. 31. That compared with a revenue of $2.65 billion and a profit of $83.5 million in the financial year ended Jan. 31, 2012.
Based in Valcourt, Que., BRP has approximately 6,800 employees around the world.
 
Jmo I see Bain capital owns 50% of BRP means pain in my?????. Bain capital put a lot of people out of work in Michigan plants. I don't wanna be part of it:banghead::yes:.
 
jerpinoy said:
Jmo I see Bain capital owns 50% of BRP means pain in my?????. Bain capital put a lot of people out of work in Michigan plants. I don't wanna be part of it:banghead::yes:.
Click to expand...

I agree having an Investment company as majority shareholder is not a good idea JMHO
I was at my dealers this morning and he was e-mailed the official notice about BRP going public.
 
Derek Paisley said:
MONTREAL - The maker of Ski-Doo snowmobiles is launching an initial public offering.
BRP Inc. says it is planning an offering of subordinate voting shares in the Quebec-based maker of snowmobiles, personal watercraft and all-terrain vehicles.
The company said it believes the outlook for the industry is positive due to the improving economic environment, growth in new product lines and growth in international markets.
"Things are reshaping after the crisis. We think people will want to renew with new technology and new vehicles, what not," said Pierre Pichette, vice-president of communications and public affairs for BRP.
In addition to Ski-Doo, BRP also makes Lynx snowmobiles, Sea-Doo watercraft and boats, Can-Am all-terrain vehicles and Evinrude outboard engines.
BRP would not disclose how many shares it planned to sell or how much they would cost but said that information would be available in the coming weeks.
BRP says it will also issue multiple voting shares to its current owners, who will continue to have significant influence over the company.
The business was spun off from Bombardier Inc. (TSX:BBD.B) in 2003 when it was sold to members of the Bombardier and Beaudoin families, U.S. private equity firm Bain Capital and the Caisse de depot for $960 million.
The company is currently owned by a subsidiary of Bain Capital, the Beaudier group and the Caisse. Bain owns half the equity, the Beaudier group has a 35 per cent stake and the Caisse has 15 per cent.
Beaudier Inc. is a family-owned company controlled by Laurent Beaudoin, who is a former CEO of Bombardier Inc. and a son-in-law of Joseph-Armand Bombardier, the Quebec inventor who founded the company.
BRP says the timing of the IPO is to help the company pay down a US$146-million term loan that matures June 2013 and a US$510-million term loan maturing in June 2016.
"We want to reduce our long-term debt," said Pichette.
The prospectus, which was obtained through DisclosureNet.com, also reveals that the company paid $376 million in special distributions on April 13 and plans to pay an additional $155 million in dividends to its current shareholders prior to closing the IPO.
It expects to spend about $140 million on capital projects in the current financial year, primarily to tool up for new products.
BRP said it does not anticipate paying any dividends on its shares after the offering.
"The company currently intends to use its earnings to finance the expansion of its business and to reduce indebtedness. Any future determination to pay dividends on the shares will be at the discretion of the board of directors," the company said.
At the end of its financial year on Jan. 31, BRP had $542.4 million of cash including $444.8 million of net cash flows from its operating activities.
The company earned $2.9 billion in revenue and a profit of $121 million in the financial year ended Jan. 31. That compared with a revenue of $2.65 billion and a profit of $83.5 million in the financial year ended Jan. 31, 2012.
Based in Valcourt, Que., BRP has approximately 6,800 employees around the world.
Click to expand...


Did you notice ???? They didn't mention our SPYDERS:lecturef_smilie:
 
akspyderman said:
Good catch Daisyjoe. :thumbup:

One advantage to going public, they will have to publish annual reports giving sales numbers and all the other financial information.
Click to expand...
that's true too, but, you know the old saying--"liars can figure and figures can lie!":yikes:
 
If BRP sells their shares in the USA, they will have to comply with federal guidlines on statements furnished to the public. They will have to follow all SEC reporting standards. If you are going to become an investor, you should read all the fine print in the prospectus. Yes, there are ways, but I am not going to call them Enron yet.
 
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