PE-backed Bauer to list on NYSE, raise $110 mln in public offering
Bauer Performance Sports Ltd (TSX: BAU), a Canadian-born manufacturer of sports equipment and apparel, has launched a public offering of its common shares in the United States and Canada for estimated gross proceeds of US$110 million. The company has applied to list its shares on the New York Stock Exchange, as well as on the Toronto Stock Exchange. Bauer, which is a portfolio company of U.S. private equity firm Kohlberg & Co, also announced plans to change its name to Performance Sports Group Ltd. Offering proceeds will help reduce the company's leverage and repay part of the term loan facility used to finance its recent acquisition of Easton-Bell Sports Inc.
10 June 2014•7 mins read
