Canadian Tire Buys PE-Backed Pro Hockey Life for C$85M

FGL Sports Ltd., a subsidiary of Toronto-based Canadian Tire Corp., has agreed to pay C$85 million for Laval, Québec-based Pro Hockey Life Sporting Goods Inc., which owns a chain of specialty hockey retail stores located across Canada. The acquisition is expected to close in the early part of 2013. Pro Hockey Life has been backed by Canadian private equity investor Champlain Financial Corp., which first invested in the company in 2007. Champlain's investment partners included Fondaction (CSN).

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