SBD/January 31, 2011/Finance

Bauer Hockey To Be Publicly Traded On Toronto Stock Exchange

Bauer Hockey expected to be publicly traded by end of February
Hockey-equipment manufacturer Bauer Hockey has "filed a preliminary prospectus with the Ontario Securities Commission to have its stocks publicly traded with the Toronto Stock Exchange," according to Ken Campbell of THE HOCKEY NEWS. It is "uncertain how much the shares will be worth or how much capital will be raised, but it's expected that it will begin publicly trading by the end of February." The move "signals a significant turnaround for the company, which controls about 50 percent of the global hockey equipment market." Nike in '95 purchased the company for $415M "and took it private," but it was bought from Nike for $200M by Kohlberg & Co. and Graeme Roustan in '08 (, 1/28). The GLOBE & MAIL's Kiladze & Erman cited sources as saying that the IPO is "expected to raise" C$75M, and that "proceeds will go to" Kohlberg Sports Group. Kohlberg Kravis Roberts co-Founder Jerome Kohlberg, who runs KSG, is "said to be interested in selling a 20-per-cent stake in Bauer, which would put its total valuation at around" C$375M. RBC Dominion Securities and CIBC World Markets are "co-leading the IPO" (GLOBE & MAIL, 1/29). Bauer gear is "used by a host of" NHL players, including Lightning C Steven Stamkos and Blackhawks RW Patrick Kane and C Jonathan Toews, and its skates "were once endorsed by" Hockey HOFer Bobby Hull. The company "designs, manufactures and markets sports equipment and clothing under the brands Bauer Hockey, Mission Roller Hockey and Maverik Lacrosse." It is "best known for its sticks and skates but makes a full range of gear from pads to helmets to pants" (CP, 1/28).
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