Home / Knowledge / News / Apparel/Garments / Performance Sports adds Sagard Capital CEO to BoD
Performance Sports adds Sagard Capital CEO to BoD
31
Mar '16
Performance Sports Group has added Daniel Friedberg, CEO at Sagard Capital Partners, currently its largest shareholder, to the company's board of directors.

Sagard Capital Partners together with its subsidiaries has beneficial ownership of approximately 15 per cent of the company's issued and outstanding common shares.

Performance Sports is a developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel and soccer apparel.

The company claims it is the global leader in hockey with the strongest and most recognised brand, and holds the no. 1 North American position in baseball and softball.

Its products are marketed under the Bauer, Mission, Maverik, Cascade, Inaria, Combat and Easton brand names and are distributed by sales representatives and independent distributors throughout the world.

Sagard Capital Partners is principally engaged in the business of investing in securities, with a strategy to acquire significant minority or control positions in publicly traded small and mid-sized companies.

It offers a unique and highly differentiated value proposition to companies looking for supportive, long-term shareholders and is an evergreen fund with an indefinite holding period for its investments.

Sagard Capital is purpose-built to be an independent, flexible, supportive partner to management teams focused on building sustainable, leading businesses and generating long-term shareholder value.

"Dan has had significant business successes throughout his career, and we are very pleased to have him join our board," said Bernard McDonell, chairman of Performance Sports Group.

"Both Dan and Sagard Capital have substantial strategic, operating and financial expertise and a history of working in support of the long-term goals of the companies in which they invest," he added.

"Our investment in Performance Sports Group is the result of substantial time and resources dedicated to identifying and evaluating the potential long-term value,” Daniel Friedberg said.

“Sagard Capital believes in Performance Sports Group's leading innovation, world-class brands and prospects for improved profitability," Friedberg too added.

"I look forward to working with the board and management with a common objective of creating value for all shareholders," Friedberg informed. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 15th Feb 2020

Morocco to revise FTA with Turkey

Turkey has agreed to review its free trade agreement with Morocco,...

Pic: Shutterstock

Textiles | On 15th Feb 2020

German, Italian investors interested in investing in Pak

German and Italian investors and manufacturers have evinced keen...

Pic: Nike

Apparel/Garments | On 15th Feb 2020

Nike employs distributors in Brazil, Argentina, Chile

Nike has entered into strategic distributor deals for its Nike Brand...

Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search