Canada Goose, a Toronto-based company known for outerwear that can stand up to Arctic winters, said Tuesday that it has agreed to sell a majority stake in the company to Bain Capital, a global private investment firm with offices in Boston.
Terms of the transaction are not being disclosed.
Dani Reiss will remain president and chief executive and continue to own a “significant minority stake” in Canada Goose, the company said in a press release.
Bain Capital has a history of investments in a variety of Canadian consumer brands and retail companies, including Shoppers Drug Mart, Bombardier Recreational Products, and BTI Systems.
“Dani and the Canada Goose management team have already accomplished a great deal in establishing the premium outerwear category and creating a unique global brand that exudes authenticity,” Ryan Cotton, a principal at Bain Capital, said in a statement. “We are very excited to employ our global resources and experience to help the team continue to build the business and fuel an even more successful future.”
Ropes & Gray, a law firm with offices in Boston, represented Bain Capital in the transaction.