Brookfield Capital Partners Ltd. Discloses Ownership of Common Shares of Performance Sports Group Ltd.

TORONTO, Sept. 12, 2016 /CNW/ - Brookfield Capital Partners Ltd. ("BCP"), announced that, on September 12, 2016, 251091708 Delaware LP (the "Acquiror"), a Delaware limited partnership indirectly controlled by BCP, acquired ownership of 45,567 common shares (the "Acquired Shares") of Performance Sports Group Ltd. (the "Company"), representing approximately 0.1% of the outstanding common shares of the Company.  The Acquired Shares were acquired through the facilities of the New York Stock Exchange at a price equal to C$4.53 per common share, for aggregate consideration paid that is equal to C$206,306.

Prior to the acquisition of the Acquired Shares, the Acquiror owned a total of 4,511,101 common shares of the Company, representing approximately 9.9% of the Company's currently outstanding common shares.  As a result of the acquisition of the Acquired Shares, the Acquiror now owns a total of 4,556,668 common shares of the Company, representing approximately 10% of the currently outstanding common shares of the Company.  (The calculations of the foregoing percentages are based on 45,566,680 common shares of the Company outstanding as of April 13, 2016, as reported in the Company's Quarterly Report on Form 10-Q filed with Canadian securities regulatory authorities).

The Acquired Shares, along with all other common shares of the Company owned by the Acquiror, were acquired for investment purposes subject to the following:

The Acquiror intends to review on a continuing basis its investment in the Company. As a result of the Acquiror's continuous review and evaluation of the business of the Company, the Acquiror may communicate with members of management of the Company, the board of directors of the Company, other shareholders of the Company, lenders to the Company and/or other relevant parties from time to time with respect to operational, strategic, financial or governance matters, including, but not limited to, potential refinancings (including a debtor-in-possession financing in the event of a bankruptcy filing), restructurings, recapitalizations, reorganizations, mergers, acquisitions, divestitures, a sale of the Company or other corporate transactions, or otherwise work with management and the board of directors of the Company. The Acquiror may seek to sell or otherwise dispose of some or all of the Company's securities (which may include, but is not limited to, transferring some or all of such securities to its affiliates or distributing some or all of such securities to the Acquiror's partners, members or beneficiaries, as applicable) from time to time, and/or may seek to acquire additional securities of the Company (which may include rights or securities exercisable or convertible into securities of the Company) from time to time, in each case, in open market or private transactions, block sales or otherwise. Any transaction that the Acquiror may pursue may be made at any time and from time to time without prior notice and will depend on a variety of factors, including, without limitation, the price and availability of the Company's securities, subsequent developments affecting the Company, the Company's business and the Company's prospects, other investment and business opportunities available to the Acquiror, general industry and economic conditions, the securities markets in general, tax considerations, applicable law and other factors deemed relevant by the Acquiror.

Other than as described above, the Acquiror does not have any current plans or proposals that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (k) of Item 5 of Form 62-103F1; provided, that the Acquiror at any time and from time to time, may review or reconsider and change its position and/or change its purpose and/or develop such plans or future intentions and may seek to influence management or the board of directors of the Company with respect to the business and affairs of the Company, and may from time to time consider pursuing or proposing any such transactions with advisors, the Company or other persons.

The business address of BCP and the Acquiror is located at Brookfield Place, 181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3.

The head office of the Company is located at 100 Domain Drive, Exeter, New Hampshire, U.S.A, 03833-4801.

A copy of the early warning report required to be filed under applicable Canadian securities laws will appear with the Company's documents on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

SOURCE 251091708 Delaware LP

For further information: or to obtain a copy of the related early warning report, please contact: Jennifer Ritchie, Tel: (416) 956-5230, Email: jennifer.ritchie@brookfield.com


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