Kohlberg Completes Secondary Sale of Bauer Shares
US private equity firm Kohlberg & Co. has completed its previously-announced secondary sale of shares in Bauer Performance Sports Ltd., a Canadian manufacturer of hockey and lacrosse equipment and apparel. Gross proceeds from the sale totaled C$40 million, leaving Kohlberg with the equivalent of 31% of the company's issued and outstanding common shares. 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.
7 February 2013•4 mins read
