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With his company still coping with the post-9/11 downturn in aircraft sales, Bombardier Inc. CEO Paul Tellier decided that fun time was over. And so on August 27 Tellier sold Bombardier’s recreational products division in order to concentrate on its core products. The company is the world’s third-largest manufacturer of commercial aircraft, and the largest manufacturer of trains. The recreational products division makes the Ski-Doo and the Sea-Doo sport vehicles, as well as Johnson and Evinrude outboard boat motors. The buyers � Bain Capital LLC, the Bombardier-Beaudoin family, and the Caisse de d�p�t et placement du Qu�bec, Canada’s largest pension fund manager � aren’t convinced that leisure is pass�. They shelled out $879 million for the unit. Bain will own 50 percent of the new company, the Bombardier family 35 percent, and the Caisse 15 percent. As a result of the sale and a public offering this spring, Tellier has raked in more than $1.5 billion in fresh capital for Bombardier. Tellier, who became CEO in December 2002, hopes that the strategy will be his ticket to a happy first anniversary in the job. The sale is expected to close this month, pending regulatory approval. For Bombardier Inc. (Montreal) In-house: Vice president�legal services Daniel Desjardins and director of legal services Alain Dor�. Ogilvy Renault (Montreal): Corporate: Clemens Mayr, Paul Raymond, Solomon Sananes, and associates Nicolas Labrecque and Eric Stevens. Competition: Richard Wagner. Tax: Jules Charette. (Wagner is in Ottawa.) For Caisse de d�p�t et placement du Qu�bec (Montreal) In-house: Director of legal affairs Robert Cot�. Fasken Martineau DuMoulin (Toronto): Corporate, M&A, and securities: Robert Par� and Daniel Picotte. Tax: Alain Ranger. (All are in Montreal.) For Bain Capital LLC (Boston) Ropes & Gray (Boston): Corporate: Howard Glazer, Newcomb Stillwell, and associate Christopher Henry. Financing: Peter Dodson, Steven Rutkovsky, and associates Jeffrey Doctoroff and Christopher Rile. Tax: Rom Watson and associate Amanda Holt. (Henry, Dodson, Rutkovsky, and Rile are in New York.) Stikeman Elliott (Montreal): Corporate: Michel G�linas, Pierre Raymond, and associate Genevi�ve Lavertu. Tax: Robert Hogan. Investment Canada Act: John Leopold. For the Bombardier-Beaudoin Family (Montreal) Osler, Hoskin & Harcourt (Toronto): Corporate: Christiane Jodoin, Warren Katz, and Brian Levitt. Tax: Fran�ois Auger, Andrew Kingissepp, Elaine Marchand, and Richard Tremblay. Financial services: Laurie Barrett and Philip Heath. Pensions: Michel Benoit. Litigation: Radha Curpen. Competition: Peter Franklyn. (Jodoin, Katz, Levitt, Auger, Marchand, and Benoit are in Montreal.) For the Special Committee of Bombardier Directors McCarthy T�trault (Toronto): Corporate finance and M&A: Patrick Boucher, Garth Girvan, and Lorna Telfer. (Boucher and Telfer are in Montreal.)

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