Canada Goose has received multiple take-private bids valuing the luxury outerwear maker at roughly $1.35 billion, as controlling shareholder Bain Capital considers an exit after more than a decade of ownership. Sources told CNBC that private equity groups Boyu Capital and Advent International have submitted verbal offers, while other interested parties include Bosideng International and a FountainVest Capital–Anta Sports consortium. Goldman Sachs is advising Bain on the process.
The bids reportedly value Canada Goose at about eight times its average trailing 12-month EBITDA, and would take the company private from its dual listings in Toronto and New York. Bain, which holds over 55% of the voting power, is reviewing the offers but has yet to make a final decision.
Going private could give new owners greater flexibility to reshape the business as Canada Goose faces slowing sales in key markets, especially China, where revenue slumped after years of growth. For the fiscal year ended March, revenue declined 1.1% to CA$1.35 billion, following a slowdown from double-digit growth in prior years.
Bain originally invested in Canada Goose in 2013 at around $250 million and took it public in 2017. Shares have gained 21% so far this year, valuing the company at $1.18 billion—still far below its $7.7 billion peak in 2018. Analysts say a sale would represent a textbook private equity cycle for Bain, though questions remain about the brand’s positioning as it seeks to evolve beyond winterwear into year-round fashion categories.
Source: CNBC
