Sagard Capital Announces Acquisition of Additional Shares of Performance Sports Group Ltd.

USA - English

• USA - English

GREENWICH, CT, April 28, 2016 /CNW/ - Sagard Capital Partners, L.P., Sagard Capital Partners GP, Inc. and Sagard Capital Partners Management Corp. (collectively, "Sagard Capital") issue this press release pursuant to applicable requirements of Canadian securities legislation. Sagard Capital announces that, in a series of purchases between April 26, 2016 and April 28, 2016 on the Toronto Stock Exchange and the New York Stock Exchange, it has acquired (the "Acquisition") an additional 441,311 common shares ("Shares") of Performance Sports Group Ltd. (the "Issuer") at a weighted average price of US$3.69 per Share (or approximately C$4.61 per Share), representing approximately 0.97% of the issued and outstanding Shares. As a result of the Acquisition, Sagard Capital beneficially owns and controls an aggregate of 7,303,999 Shares, representing approximately 16.03% of the issued and outstanding Shares.

Sagard Capital acquired the Shares for the purpose of holding a significant equity position in the Issue. Pursuant to a Shareholder Nomination Agreement between the Issuer and Sagard Capital Partners, L.P. dated March 28, 2016 (the "Agreement"), Dan Friedberg, the President of Sagard Capital Partners, L.P. (and the President of the Sagard Capital Partners GP and Sagard Capital Partners Management Corp.), currently serves as a member of the board of directors of the Issuer. Subject to, and in accordance with, the terms of the Agreement and applicable securities laws, Sagard Capital may increase or decrease its investment in the Issuer depending on market conditions and other relevant factors. Subject to, and if, as and when permitted in accordance with, the Agreement, which, among other things, imposes various "standstill" restrictions, Sagard Capital may also engage in further communications with the Issuer, the board of directors of the Issuer, and/or one or more shareholders of the Issuer, to suggest that the Issuer nominate one or more further or other representatives of Sagard Capital to the board of directors of the Issuer. Sagard Capital may also in the future take such other actions with respect to its investment in the Issuer as it deems appropriate.

Sagard Capital, a subsidiary of Power Corporation of Canada, is relying on section 5.2 of National Instrument 62-103 in respect of aggregation relief relating to any securities that may be held by Great-West Lifeco Inc. and its subsidiaries, IGM Financial Inc. and its subsidiaries, and any investment fund managed by entities within the Power Corporation of Canada group of companies.

About Sagard Capital

Sagard Capital Partners, L.P. is the direct owner of the Shares reported herein as being beneficially owned and over which control is shared by the entities comprising Sagard Capital. Sagard Capital Partners, L.P. is principally engaged in the business of investing in securities.  Sagard Capital Partners GP, Inc. is the general partner of Sagard Capital Partners, L.P. Sagard Capital Partners Management Corp. is the investment manager of Sagard Capital Partners, L.P.  Each entity comprising Sagard Capital is a subsidiary of Power Corporation of Canada.

Sagard Capital's strategy is 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. Based in Greenwich, Connecticut, Sagard Capital 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.

SOURCE Sagard Capital Partners, L.P.

or to obtain a copy of the early warning report filed by Sagard Capital in connection with the above, which is also available on www.sedar.com, please contact: Dan Friedberg, President, 325 Greenwich Avenue, Greenwich, CT, U.S.A. 06830, [phone]