Deals
Brookfield Said to Weigh Bid for Troubled Performance Sports
- Former chairman said to plan separate bid for company’s debt
- Brookfield is second-largest Performance Sports shareholder
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Brookfield Asset Management Inc., Canada’s largest alternative-asset manager, is weighing a bid for Performance Sports Group Ltd., the embattled maker of the Bauer and Easton brands, according to people familiar with the matter.
Brookfield has accumulated a 13.2 percent stake in the Exeter, New Hampshire-based company in recent months, setting the stage for a formal takeover bid for the company, said the people, who asked not to be identified as the plans aren’t public. Brookfield is Performance Sports’ second-biggest shareholder behind Sagard Capital Partners, according to data compiled by Bloomberg.