Performance Sports Group Ltd. said it reached a settlement with Q30 Sports LLC to obtain Q30 Sports’ consent to the assignment of a license and related agreements to an acquisition vehicle co-owned by affiliates of Sagard Holdings Inc. and Fairfax Financial Holdings Ltd.
The assignment of the license and related agreements satisfies a condition to closing of the previously announced sale of substantially all of the assets of the company and its North American subsidiaries to Sagard Holdings and Fairfax Financial.
The company said it continues to anticipate that the completion of the sale will occur on or about February 23, 2017, but not later than February 27, 2017, subject to the receipt of applicable regulatory approvals and the satisfaction or waiver of other customary closing conditions.
Photo courtesy Bauer Hockey
