Kohlberg to sell more shares in Bauer Performance Sports

U.S. private equity firm Kohlberg & Co has undertaken a further secondary sale of up to 6,325,000 common shares in Bauer Performance Sports Ltd, a Canadian manufacturer of hockey and lacrosse equipment and apparel. The offering price is $12.15 per share. Upon completion of the transaction, Kohlberg's interest in the company is expected to be 14.7% of issued and outstanding shares. Kohlberg and Roustan Capital acquired Bauer in a corporate carve-out deal in 2008. In 2011, Bauer raised $75 million in an initial public offering.

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