Graeme Roustan, the former chairman of Performance Sports Group Ltd., is weighing a possible bid for the company, according to a report from Reuters.
Roustan said he has hired Jefferies Group LLC and Canaccord Genuity to explore a possible offer.
“Should there be an opportunity that becomes available through any kind of process, I’ll be the first in line to make an offer,” Roustan told Reuters. “I believe that my ownership involvement is not behind me.”
Last year, Roustan threatened to launch a proxy fight to secure a seat on the company’s board. He first approached PSG’s board to seek a seat in January 2015 and has questioned the company’s opening of its own “Own the Moment” Bauer Hockey retail stores.
He became chairman in 2008 following Nike’s sale of the company, then Bauer Performance Sports Ltd., to Kohlberg & Co., and resigned in 2012. He holds around a 1.3 percent stake in PSG. Roustan was chairman of the company from April 2008 until September 2012, when the company was known as Bauer Performance Sports.
On Monday, Performance Sports Group said it expected to default on its loan because of delays in a financial filing caused by an unspecified internal investigation. Reuters reported Tuesday that the company has hired Centerview Partners Holdings LLC to help it with debt negotiations.
The company owns the Bauer, Mission, Maverik, Cascade, Inaria, Combat and Easton brand names.
