Brookfield's PE group increases stake in Performance Sports
The private equity group of Brookfield Asset Management disclosed an increase in its ownership interest in Performance Sports Group Ltd (NYSE, TSX: PSG), an Exeter, New Hampshire-based maker of sports equipment and apparel. Shares acquired by Brookfield raised its stake in the company from about 10 percent to about 13.23 percent. The Canadian-born Performance Sports went public in mid-2014 after being backed by U.S. private equity firm Kohlberg & Co and other investors for about six years. It has recently faced market uncertainty concerning its financial status.
27 September 2016•3 mins read
