Can an IPO for Canada Goose be far behind?
Private investment circles are abuzz with news that Boston-based Bain Capital has now bought a majority stake in the iconic Canadian brand. But ironically, argue a growing number of analysts, the transaction, for an undisclosed amount, could ultimately allow Canadian investors to finally buy shares in the pricey parka manufacturer.
They specifically point to the precedent set by a similar transaction involving Canada Goose's chief rival, Moncler. The Italian winter wear company saw a "major stake" in the operation sold off to another private equity firm, the Carlyle Group, earlier this fall. The deal has now prompted an IPO set to hit the Milan stock exchange in the coming months and promising to raise as much as $1.1 billion.
That kind of move over at Canada Goose would find great support among Canadian investors, said one investment advisor, referencing brand penetration across the market and the pride many feel for clothing made in Canada but now in vogue worldwide.
Still, Bain is mum on any IPO plans for the company, with advisors and clients expected to eagerly track any and all future announcements.