Sagard-Fairfax close $575 mln acquisition of Performance Sports
An acquisition vehicle co-owned by Power Corp's Sagard Capital Partners and Fairfax Financial Holdings has closed its buy of substantially all the assets of Performance Sports Group Ltd and its North American affiliates. The deal, announced in October, was valued at US$575 million. It completes a process begun with the Canadian and U.S. bankruptcy filings of Performance, an Exeter, New Hampshire-based maker of sports equipment and apparel. The company failed to attract competing bids from other private equity firms, Reuters reported in January.
2 March 2017•4 mins read
