Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, August 6, 2010 
DALLAS--([ BUSINESS WIRE ])--Sport Supply Group, Inc. (NASDAQ:RBI) today announced that ONCAP II LP and its affiliates (aONCAPa), the mid-market private equity platform of Onex Corporation, have completed the previously-announced acquisition of Sport Supply Group.
"We sincerely appreciate the loyalty and support of our shareholders over the years. We look forward to a long and productive relationship with ONCAP in the years to come."
Earlier today, Sport Supply Groupa™s shareholders approved the going-private transaction at a special meeting of shareholders. Pursuant to the definitive merger agreement between ONCAP and Sport Supply Group, executed on March 15, 2010, Sport Supply Group stockholders will receive $13.55 per share in cash.
Adam Blumenfeld, Chairman and Chief Executive Officer of Sport Supply Group, stated: aWe sincerely appreciate the loyalty and support of our shareholders over the years. We look forward to a long and productive relationship with ONCAP in the years to come.a
Mark Gordon, Managing Director at ONCAP, commented: aWe are very excited to be partnering with the management team and employees of Sport Supply Group and look forward to working together to further build on the companya™s success through organic and acquisition growth initiatives.a
Sport Supply Groupa™s common stock will cease trading on the NASDAQ as of the close of business on August 5, 2010.
Oa™Melveny & Myers LLP served as legal counsel to ONCAP, and Vinson & Elkins L.L.P. served as legal counsel to Sport Supply Group. Houlihan Lokey Howard & Zukin Capital, Inc. served as financial advisor to the Sport Supply Group special committee in connection with the merger.
About Sport Supply Group
Sport Supply Group, Inc. is the nationa™s leading marketer, manufacturer and distributor of sporting goods and branded team uniforms to the institutional and team sports market. The Company markets via three million direct catalogs, a 40-person telesales team, more than 200 direct sales professionals, 60 Platinum Resellers and a family of company-controlled websites.
About ONCAP
ONCAP, in partnership with operating company management teams, invests in and builds shareholder value in North American small and mid-size companies that are leaders in their defined market niche and possess meaningful acquisition and organic growth potential. For more information on ONCAP, please visit [ www.oncap.com ].
ONCAP is the mid-market private equity platform of Onex, one of North Americaa™s oldest and most successful investment firms committed to acquiring and building high-quality businesses in partnership with talented management teams. Onex manages investment platforms focused on private equity, real estate and credit securities. In total, Onex manages approximately US$12billion. Over 26 years, Onex has built approximately 60 businesses, generating 3.4times the capital it has invested and managed and earning a 29 percent compound annual return on invested capital. For more information on Onex, please visit [ www.onex.com ].
