Former Performance Sports chairman mulls bid for company: report

Graeme Roustan, the former chairman of Performance Sports Group Ltd., is reported to be weighing a possible bid for the company, which produces Bauer hockey gear and Easton baseball equipment.

Roustan told Reuters he has hired two investment banks — Jefferies Group LLC and Canaccord Genuity — to research a possible offer.

"Should there be an opportunity that becomes available through any kind of process, I'll be the first in line to make an offer," Roustan told Reuters. "I believe that my ownership involvement is not behind me."

Roustan was chairman of the company from April 2008 until September 2012, when the company was known as Bauer Performance Sports.

• Performance Sports reveals SEC also investigating in wake of delayed audit
• Maker of Bauer, Easton gear delays filing of audited annual report, in talks with lenders

Currently, Performance Sports is negotiating with its lenders to avoid a loan default. Reuters reported Tuesday that the company has hired investments Centerview Partners Holdings LLC  to help it negotiate.

Last week, Performance Sports revealed it was unable to file an audited annual report with regulators by an August 15 deadline, which put it in a default position under its credit agreements. The company's board of directors has launched an internal investigation.

The company also said two days later that it is under investigation by the U.S. Securities and Exchange Commission and Canadian authorities.