At least five institutional investors are considering bids to the takeover of Performance Sports Group (PSG), the parent company of Bauer, Mission and Easton. One of them is a former owner of Bauer, Hohlberg Kreavis Roberts (KKR). The others are Apollo Investment Corp., Bain Capital, TPG Capital and Sycamore Partners. Graeme Roustan, former chairman of Bauer, may partner with one of them. The potential bidders would compete for the takeover with Sagard Capital, a key shareholder of PSG, who has agreed to act as stalking horse along with Fairfax Financial, offering to buy the group for $575 million. Courts in the U.S. and Canada have extended until next Jan. 25 the deadline for submission of the bids. The auction is scheduled for Jan. 25 and the sale is expected to close at the end of February.

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