Performance Sports Group (PSG) has announced that funds managed by Kohlberg Management VI have sold 2 million common shares of the company for aggregate gross proceeds of C$37.5 million (€26.38m-$33.60m). PSG's products are marketed under the Bauer, Mission, Maverik, Cascade, Inaria, Combat and Easton brand names. Following the sale, Kohlberg continues to own the equivalent of around 5.3 percent of PSG's issued and outstanding common shares and remains one of its largest shareholders. PSG did not receive any proceeds from the sale.

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