Kohlberg & Co. to Sell Bauer Shares Via Secondary Offering

U.S. private equity firm Kohlberg & Co. has established a secondary offering for shares of Bauer Performance Sports Ltd., a Canadian developer and manufacturer of hockey and lacrosse equipment and apparel. Gross proceeds will total up to C$40 million. Upon completion of the offering, Kohlberg's ownership interest in Bauer will be reduced to 32.3 percent. Kohlberg and Roustan Capital acquired Bauer in a corporate carve-out deal in 2008. In 2011, Bauer raised C$75 million in an initial public offering.

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