Canada Goose, the famous luxury outerwear brand known for its parkas, may soon go private after receiving takeover interest worth $1.35 billion USD. This news led to a 16% jump in the company’s shares, according to CNBC.
The company’s controlling shareholder, Bain Capital, has owned Canada Goose since 2013. Now, Bain is looking to sell its stake and has hired Goldman Sachs to advise on the process. While no final decision has been made, Bain mentioned that once a buyer is chosen, the due diligence could take less than two months.
So far, private equity firms have shown strong interest. Boyu Capital has already made a verbal offer, while Advent International is in talks with Bain. Both offers value Canada Goose at around eight times its average annual earnings.
Other possible buyers include Bosideng International (a Shanghai-based clothing company), Anta Sports Products (Hong Kong), and FountainVest Capital.
Detail Info:
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Company: Canada Goose
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Current Status: Received multiple buyout bids
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Estimated Value: $1.35 billion USD
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Controlling Shareholder: Bain Capital (since 2013)
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Advisory Firm: Goldman Sachs
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Potential Buyers: Boyu Capital, Advent International, Bosideng International, Anta Sports Products, FountainVest Capital
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Share Price Impact: Increased 16% after news
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