On June 8, 2009, Québec-based Bombardier Recreational Products Inc. (BRP) and the controlling shareholders of its parent company raised $130 million in order to further strengthen its financial position. These financings included $30 million of reimbursable funds from Investissement Québec (IQ) to support the company's R&D activities, and $100 million raised by BRP's controlling shareholders and their affiliates, including a $50 million loan from the Société générale de financement du Québec (SGF). BRP is a world leader in the design, development, manufacturing, distribution and marketing of motorized recreational vehicles. Its products are distributed in more than 80 countries.
Osler, Hoskin & Harcourt LLP acted as Canadian counsel to BRP under the direction of BRP's vice-president, general counsel and secretary Louis Martin Langelier, internal counsel Paule Morisset and Nadia Martel, with a team that included Warren Katz, Etienne Massicotte, Constantine Troulis, Laurie McQueen and Catherine De Laboursodière. Ropes & Gray LLP acted as US counsel to BRP, with a team that included Newcomb Stillwell, Sunil Savkar, Lisa Green Case and Amy Olson.
Fasken Martineau DuMoulin LLP acted for the Caisse de dépôt et placement du Québec, a shareholder in the parent company of BRP, under the direction of in-house counsel Robert Côté, with a team that included Daniel Picotte, Alain Ranger, Catherine Isabelle and Caitlin Rose.
IQ was represented by in-house counsel Liliane Monier and Danièle Leroux. McCarthy Tétrault LLP acted for SGF under the direction of in-house counsel Lilia Pouliot, with a team that included François Amyot, Richard O'Doherty, Serge Tousignant, Louis Beland and Isabel Desmarais.