Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC as joint book-running managers and representatives of the underwriters in connection with the $126.5 million U.S. initial public offering and concurrent Canadian new issue offering of 8,161,291 common shares of Performance Sports Group Ltd. (formerly, Bauer Performance Sports Ltd.) (including 1,064,516 common shares from the full exercise of the underwriters’ over-allotment option). The common stock is listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “PSG.”
Headquartered in Exeter, New Hampshire, PSG is a leading developer and manufacturer of high performance sports equipment and related apparel. PSG’s mission is to elevate player performance and protection at all levels through a combination of athlete insights and superior innovation. PSG has the most recognized and strongest brands in ice hockey, roller hockey, baseball and softball, and holds top market share positions in these sports, with an expanding presence in the fast-growing lacross market.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Felipe Duque and Michael R. Newton and law clerk Darren Jackson. The tax team included partner Harry Ballan and law clerk Vinay Prabhakar. The environmental team included counsel Hayden S. Baker and associate Kevin J. Klesh. The intellectual property team included law clerk Michelle Gross. Members of the Davis Polk team are based in the New York and Menlo Park offices.
