Bauer Performance Sports Completes Acquisition of Cascade Helmets and Announces the Closing of Common Share Public Offering

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UNITED STATES


Bauer Performance Sports Ltd. (TSX:BAU) ("BAUER") today announced that it has
completed the acquisition of Cascade Helmets Holdings, Inc. ("Cascade"), a
leading manufacturer and distributor of men's and youth lacrosse helmets in
North America, from North Castle Partners, a private equity firm focused on
health, wellness and active living, and certain affiliates (the "Cascade
Acquisition"). BAUER entered into an agreement to acquire Cascade on June 13,
2012 for approximately US$64 million, payable in cash and subject to adjustment.
The purchase price and related transaction expenses were funded through the
issuance of approximately C$30 million of new equity and the balance in new
borrowings, as further described below.


Cascade is the leading designer, developer, manufacturer and marketer of
lacrosse helmets and eyewear in North America, and is a leading and
well-recognized brand in the broader lacrosse equipment industry. The Cascade
Acquisition expands BAUER's presence in the lacrosse equipment industry, adding
the industry's premier line of helmets to the Maverik family of sticks, heads,
shafts and protective gear. The transaction also provides an attractive
opportunity to leverage BAUER's commitment to product development and safety,
realize attractive cross-selling opportunities, and achieve cost synergies. 


BAUER also announced today:



--  The closing of the public offering of 3,691,500 common shares at a price
    of C$7.80 per share, including the exercise in full of the over-
    allotment option, for gross proceeds of C$28,793,700 (the "Public
    Offering"). The Public Offering was completed through a syndicate of
    underwriters led by RBC Capital Markets as bookrunner, co-led by
    Paradigm Capital Inc., and including National Bank Financial and
    Scotiabank. 

--  The closing of the concurrent private placement of the equivalent of
    642,000 common shares at the same price as those sold under the Public
    Offering (the "Concurrent Private Placement"), for gross and net
    proceeds of C$5,007,600, which were purchased by funds advised or
    managed by Kohlberg Management VI, LLC, BAUER's majority shareholder. 

--  The closing of the amendments to its existing credit facilities (the
    "Amended Credit Facility") as described in BAUER's short form final
    prospectus dated June 22, 2012. 



For further information regarding the Cascade Acquisition, the Public Offering,
the Concurrent Private Placement and the Amended Credit Facility, please see
BAUER's final short form prospectus, which is available on SEDAR at
www.sedar.com.


The securities offered pursuant to the Public Offering have not been and will
not be registered under the U.S. Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an applicable
exemption from the registrations requirements of such Act. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy the
securities in any jurisdiction.


ABOUT BAUER PERFORMANCE SPORTS LTD.

Bauer Performance Sports Ltd. (TSX:BAU) is a leading developer and manufacturer
of ice hockey, roller hockey, and lacrosse equipment as well as related apparel.
The company has the most recognized and strongest brand in the ice hockey
equipment industry, and holds the top market share position in both ice and
roller hockey. Its products are marketed under the Bauer Hockey, Mission Roller
Hockey and Maverik Lacrosse brand names and are distributed by sales
representatives and independent distributors throughout the world. Bauer
Performance Sports is focused on building its leadership position and growing
market share in all product categories through continued innovation at every
level. For more information, visit www.bauerperformancesports.com.


ABOUT CASCADE HELMETS HOLDINGS, INC.

Cascade is the leading helmet brand in lacrosse. Cascade was founded in 1986
with a niche focus on designing and manufacturing innovative lacrosse headgear
and has expanded into adjacent market segments including women's lacrosse and
field hockey eyewear, and whitewater and rescue helmets. In 2009, Cascade
partnered with former NHL player Mark Messier to introduce a new branded line of
hockey helmets which shared much of the product technology utilized in Cascade's
lacrosse helmets.