On March 21, 2017, Canada Goose Holdings Inc. completed its initial public offering of 23 million subordinate voting shares at an initial offering price of $17.00 per share, which included the exercise in full by the underwriters of an over-allotment option to purchase up to 3 million additional subordinate voting shares, for total gross proceeds of $391 million to Canada Goose and the selling shareholders. The offering was comprised of a treasury offering by Canada Goose and of a secondary offering by selling shareholders that included an investment fund advised by Bain Capital as well as DTR LLC.
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.
Canada Goose was represented in-house by a legal team led by David Forrest. Canada Goose was represented in Canada by Robert Carelli, David Tardif, Jason Paperman, Laurence Cromp-Lapierre, Jérémie Ste-Marie and Kristofer Lachance (securities and capital markets), Peter Castiel, Barbara Sheng, Denise Duifhuis and Danial Zeppetelli (corporate), Frank Mathieu, Éric Lévesque and Nathaniel Lacasse (tax), Howard Rosenoff and Elizabeth Labrie (banking) and Stephanie Weschler (employment) of Stikeman Elliott LLP and in the US by Thomas Holden, Rachel Phillips, Julia Chen and Blair Green (securities and capital markets) of Ropes & Gray LLP.
The underwriters were represented in Canada by Desmond Lee, Brian Gray and Lauren Lefcoe (corporate) and Timothy Hughes and David Davachi (tax) of Osler, Hoskin & Harcourt LLP and in the US by John Chory, Ian Schuman, Marc Jaffe, Adam Gelardi, Jennifer Poh and Wei Cai of Latham & Watkins LLP.
DTR LLC was represented in Canada by Jeffrey Cohen, Glen Eddie, Catherine Nicholson and Daniel Pugen of Torkin Manes LLP and in the US by Jonathan Russo, Frank Vivero and Alexandra Calcado of Pillsbury Winthrop Shaw Pittman LLP.