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BAIN’S BUY: Extreme weather outerwear firm Canada Goose has agreed to sell a majority stake to private equity firm Bain Capital for an undisclosed amount. Dani Reiss will remain president and chief executive officer of the Toronto-based firm. He will continue to own a “significant minority stake” in the company.
Reiss said of both its new investment partner and the 55-year old firm, “Bain Capital has a long and impressive track record of successfully investing in beloved Canadian companies, and we are [pleased] to bring them on board. They’re the right partner with the right resources and people to help us reach our potential.”
Ryan Cotton, principal at Bain, said, “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.”