According to an amended Reg D filing with the U.S. Securities and Exchange Commission, Prince Sports Management Holdings LLC  completed its $11.67 million equity offering of Class A-1A units.

In an e-mail reply to SportsOneSource, Napier wrote of the deal, “We refinanced our business. All good
for the company. Gives us the liquidity we need to invest in growth
initiatives. Also pays down some debt for a stronger balance sheet.”

Principals named in the filing are Prince Sports President and CEO
George Napier; executive officer Ken Daiss; and directors Christopher
Crosby and Douglas Hill, both of Nautic Partners; and Gordon Boggis, of
Aerobics Inc. in West Caldwell , N.J.

Nautic Partners, of Providence , R.I. , acquired Prince Sports in 2007.