Kohlberg completes $37.5 mln secondary sale of PSG shares
U.S. private equity firm Kohlberg & Co has completed its sale of 2 million common shares of Performance Sports Group Ltd (NYSE, TSX: PSG), a developer and manufacturer of sports equipment and apparel. Gross proceeds from the transaction totaled $37.55 million and left the investor with around 5.3 percent of the company's issued and outstanding common shares. Founded in Kitchener, Ontario, PSG, which was previously known as Bauer Performance Sports Ltd, was acquired by Kohlberg and Roustan Capital in a corporate carve-out deal in 2008. It went public in 2011.
27 October 2014•2 mins read
