EX-99.1
4
v192480_ex99-1.htm
Unassociated Document
PRESS RELEASE
DATED AUGUST 5, 2010
August 5,
2010
For
Immediate Release
ONCAP
Completes Acquisition of Sport Supply Group
Dallas,
TX. Sport Supply Group, Inc. (NASDAQ - RBI) today announced that ONCAP II LP and
its affiliates ("ONCAP"), the mid-market private equity platform of Onex
Corporation, have completed the previously-announced acquisition of Sport Supply
Group.
Earlier
today, Sport Supply Group'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:
"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".
Mark
Gordon, Managing Director at ONCAP, commented: "We 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 company's success through
organic and acquisition growth initiatives".
Sport
Supply Group's common stock will cease trading on the NASDAQ as of the close of
business on August 5, 2010.
O'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 nation'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 America'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$12 billion. Over 26 years, Onex has built approximately 60
businesses, generating 3.4 times 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
.
Contact:
Sport
Supply Group, Inc.
Adam
Blumenfeld
972-243-0879

EX - 99 . 1 4 v192480 _ ex99 - 1 . htm Un associated Document PRESS RELEASE DATED AUGUST 5 , 2010 August 5 , 2010 For Immediate Release ONCAP Completes Acquisition of Sport Supply Group Dallas , TX . Sport Supply Group , Inc . ( NASDAQ - RBI ) today announced that ONCAP II LP and its affiliates ( " ONCAP " ) , the mid - market private equity platform of Onex Corporation , have completed the previously - announced acquisition of Sport Supply Group . Earlier today , Sport Supply Group '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 : " 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 " . Mark Gordon , Managing Director at ONCAP , commented : " We 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 company 's success through organic and acquisition growth initiatives " . Sport Supply Group 's common stock will cease trading on the NASDAQ as of the close of business on August 5 , 2010 . O ' 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 nation '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 America '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$ 12 billion . Over 26 years , Onex has built approximately 60 businesses , generating 3 . 4 times 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 . Contact : Sport Supply Group , Inc . Adam Blumenfeld 972 - 243 - 0879
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