Bain Capital agrees to buy majority stake in Canada Goose

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.

Photo taken from Canada Goose website.

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.

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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.