Bauer Sets Secondary Offering of Shares by the Kohlberg Funds

Bauer Performance Sports Ltd. announced that funds advised or managed by Kohlberg Management VI, LLC, Bauer's largest shareholder, plan to sell 3.2 million share of Bauer stock. After the sale, Kohlberg's ownership interest will be reduced to approximately 21.2 percent.

The group has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets and Paradigm Capital Inc. for a secondary offering, on a bought deal basis, of 3.2 million common shares of the company at an offering price of Cdn$12.15 per common share. In addition, the syndicate has been granted an over-allotment option by the Kohlberg Funds, exercisable for a period of 30 days from closing, to purchase up to an additional 480,000 common shares. Bauer will not receive any proceeds from the secondary offering.

Pursuant to a registration rights agreement executed between the Kohlberg Funds and other shareholders of Bauer prior to its initial public offering, certain other shareholders of Bauer that held shares prior to the initial public offering have the right to elect to participate in the secondary offering. To the extent any of these shareholders elect to participate in the secondary offering, the number of common shares to be sold by the Kohlberg Funds will correspondingly be reduced. The Kohlberg Funds currently own an equivalent of 30.3% of the issued and outstanding common stock of Bauer on a non-diluted basis. Assuming no other shareholders elect to participate in the secondary offering but before giving effect to the over-allotment option, the ownership interest of the Kohlberg Funds will, upon completion of the secondary offering, be reduced to approximately 21.2 percent.

A preliminary short-form prospectus relating to the offering will be filed shortly with Canadian securities regulatory authorities. Closing of the offering is expected to occur on or about November 1, 2013 and is subject to certain conditions, including the approval of the Canadian securities regulatory authorities.
any jurisdiction.

Bauer Performance Sports Ltd. (TSX:BAU) is a leading developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball equipment as well as related apparel. Its products are marketed under the BAUER, MISSION, MAVERIK, CASCADE, INARIA and COMBAT brand names.