On October 31, 2016, Performance Sports Group announced that it entered into an asset purchase agreement for the sale of the Company with a group of investors led by Sagard Capital Partners, L.P. and Fairfax Financial Holdings Limited. In conjunction with this development, Performance Sports Group has entered into a court-supervised restructuring process in both the U.S. and Canada for the purpose of facilitating a sale of the Company.
The agreement we have reached with the group of investors led by Sagard Capital and Fairfax Financial is a testament to their confidence in the future of our business, our people and all of our great brands. We remain focused on growing our strong underlying brands, which are leaders in Hockey, Baseball/Softball and Lacrosse. During the sale process, we expect to continue operating our business as usual and delivering the same high-quality products that our consumers expect.
Additional information, including press releases, and frequently asked questions (FAQs) can be accessed below.
PSG Provides Regulatory Update
Performance Sports Group Receives Court Approval of the "Stalking Horse" Purchase Agreement, Bidding Procedures and U.S. $386 Million in New DIP Financing
Performance Sports Group enters into "Stalking Horse" Asset Purchase Agreement with Investor Group Led by Sagard Capital and Fairfax Financial for U.S. $575 million