M&A Deal Summary

Sagard and Fairfax Acquire Performance Sports Group

On February 28, 2017, asset manager Sagard and Fairfax acquired consumer products company Performance Sports Group

Acquisition Highlights
  • This is Sagard’s 1st and Fairfax’s 1st transaction in the Consumer Products sector.
  • This is Sagard’s 1st and Fairfax’s 4th transaction in the United States.
  • This is Sagard’s 1st and Fairfax’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2017-02-28
Target Performance Sports Group
Sector Consumer Products
Buyer(s) Sagard
Fairfax
Deal Type Add-on Acquisition

Target

Performance Sports Group

Exeter, New Hampshire, United States
Performance Sports Groupis a developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel and soccer apparel. Performance Sports Group was founded in 1927 and is based in Exeter, New Hampshire.

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Buyer(S) 2

Buyer

Sagard

Paris, France

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.


DEAL STATS #
Overall 27 of 40
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Ipackchem

Paris, France

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 HMY Group

Moneteau, France

HMY Group is a provider of retail store fixtures and related services. The company designs, manufactures, delivers and installs a full range of equipment and furnishings for supermarkets and hypermarkets. HMY Group was founded in 1960 and is based in Moneteau, France.

Sell -
Buyer

Fairfax

Toronto, Ontario, Canada

Category Company
Founded 1951
Sector Insurance
Employees15,891
Revenue 25.8B USD (2023)
DESCRIPTION

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax was founded in 1951 and is based in Toronto, Ontario.


DEAL STATS #
Overall 9 of 12
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (New Hampshire) 1 of 1
Country (United States) 4 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-18 Allied World Assurance Company Holdings AG

Zug, Switzerland

Allied World Assurance Company Holdings is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.

Buy $4.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Stelco

Hamilton, Ontario, Canada

Stelco is a steel company fully integrated, industry major facilities are among the safest, environmentally progressive, and productive steel plants in the world. Powered by Canadian craftsmanship, Stelco's operations in Hamilton and Nanticoke reflect the strength of each community. Together with employing more than 2,200 people, these fully integrated, industry-leading facilities are among the safest, environmentally progressive, and productive steel plants in the world. Hamilton Works is located on the shore of Lake Ontario in Hamilton, Ontario. Lake Erie Works is located in Nanticoke, Ontario, on the shores of Lake Erie. Stelco produces high-quality steel that is used primarily in the North American automotive, construction, infrastructure, appliance, manufacturing and pipe, and tube industries. Stelco was founded in 1910 and is based in Hamilton, Ontario.

Buy -