Bain's Canada Goose Sale: No Formal Bidding Process Yet

Bain Capital is seeking to sell luxury parka maker Canada Goose, but a formal bidding process hasn't begun. Bain holds a 32% stake in Canada Goose and hired Goldman Sachs to launch an auction. Private equity firms Advent International and Boyu Capital have reportedly made offers valued at around $1.35B, but no actual bids have been submitted yet. Canada Goose shares have risen 13% on the news.

Private equity giant Bain Capital is reportedly seeking to offload its stake in luxury parka maker Canada Goose, with an expected valuation of around $1.4 billion. The move comes as the company's controlling shareholder, Bain Capital, has hired Goldman Sachs to facilitate the sale through an auction process. While no formal bidding process has started yet, several private equity firms have expressed interest in acquiring the company.

Advent International and Boyu Capital have reportedly made verbal offers valuing Canada Goose at around $1.35 billion, which translates to an eight times multiple of the company's 12-month average earnings before interest, taxes, depreciation, and amortization (EBITDA). Other interested parties include China's Bosideng International and a consortium formed by Hong Kong-listed Anta Sports Products and FountainVest Capital [1].

Canada Goose shares have seen a significant rise in response to the news, with the stock increasing by around 13% in pre-market trading. The company's shares were up more than 21% for the year so far before the announcement [2].

The sale comes at a challenging time for Canada Goose, which posted a larger-than-expected quarterly loss in the three-month trading period ending June 29. Despite strong sales, the company faced higher costs from retail expansion and promotional campaigns, leading to an operating loss of $158.7 million [1].

Bain Capital, which acquired a majority stake in Canada Goose in 2013, is expected to hold off on a final decision until more offers come in. Due diligence is anticipated to take less than two months before the deal is inked [1].

References:
[1] https://www.forbes.com/sites/markfaithfull/2025/08/27/bain-capital-waits-on-more-bidders-in-14-billion-canada-goose-sale/
[2] https://finance.yahoo.com/news/canada-goose-receives-private-bids-020645614.html