Brookfield may partner with Sagard in Performance Sports deal
Power Corp's Sagard Capital Partners has entered into a confidentiality agreement with the private equity group of Brookfield Asset Managment relating to Performance Sports Group Ltd (NYSE, TSX: PSG), a U.S. maker of sports equipment and apparel. Sagard said it and Brookfield are discussing a possible PSG tranasction, such as a restructuring deal, equity issuance or debt refinancing. Sagard previously announced it held talks of a similar nature with Fairfax Financial. Sagard currently owns about 16.9 percent of PSG shares, while Brookfield owns about 13.2 percent. Exeter, New Hampshire's PSG is reportedly contending with debt and financial concerns.
27 October 2016•6 mins read
