Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
NIKE Inc. to Sell Bauer Hockey Unit for $200 Million
- Client News
- February 21, 2008
NIKE, Inc. has reached an agreement to sell its Bauer Hockey subsidiary to an investor group led by Paul, Weiss client Kohlberg & Company and Canadian businessman W. Graeme Roustan for $200 million in cash. Nike expects the transaction to be completed before the end of its current fiscal year.
Under the terms of the deal, Bauer will continue to use the Nike Bauer Hockey trademark on existing products for a period of up to two years. Bauer is the leading manufacturer for the sport of hockey and has delivered innovative products for over 80 years.
The Paul, Weiss team representing Kohlberg and Mr. Roustan includes corporate partners Angelo Bonvino, Tom de la Bastide, Chuck Googe and Bruce Gutenplan, counsel Didier Malaquin, tax partner David Mayo, environmental partner Gaines Gwathmey and employee benefits counsel Maureen Riley.