Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014. Dallas, TX, June 17 th, 2019 â Varsity Brands, the market leader in team sports, school spirit and achievement recognition, today announced that Martha May has joined the Company as Chief Human Resources Officer. S&P noted that the company was purchased by a new financial sponsor, Bain Capital, in 2018, leading to debt to EBITDA in the mid-8x area after the close of the transaction. Press Release: June 19, 2018. Varsity Brands, the Leader in Elevating Student Experiences in Sports, Spirit, and Achievement, to be Acquired by Bain Capital Private Equity. When Bain Capital bought Varsity Brands in 2018, it snapped up most of the U.S. cheerleading industry. DALLAS â June 19, 2018 â Varsity Brands, the market leader in team sports, school spirit and achievement recognition, today announced the signing of a definitive agreement to be acquired by Bain Capital Private Equity, a leading global private investment firm. Bain Capital, LP is one of the worldâs leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Or just read on⦠Today Iâm going to write about Varsity Brands, the Bain Capital-owned corporation which controls the sport of cheerleading. Varsity Brands is owned by Bain Capital, a private-equity firm, which bought it because it was one of the few consumer branding businesses with fortified market power sufficient to withstand Amazon. Dallas, TX, July 18, 2019 â Varsity Brands, the market leader in team sports, school spirit and achievement recognition, today announced that it has accelerated its investment in a digital, technology-enabled future with the addition of Jaime Jaramillo as the companyâs first Chief Technology Officer. Law360 (February 2, 2021, 5:35 PM EST) -- The largest youth football club in the U.S. is accusing Hanesbrands Inc. and a unit of a sportswear company owned by Bain Capital ⦠Perry Street Communications Jonathan Morgan jmorgan@perryst.com 212-333-5525 214-965-9955 Varsity Brands to be acquired by Bain Capital in $2.5 billion deal. In 2018, Bain Capital Partners of Boston completed a deal that valued Varsity at nearly $3 billion â roughly $1 billion more than another private equity firm had paid for it just four years prior. Varsity Spiritâs summer cheerleading and dance camps served about 330,000 people in 50 states last summer, utilizing a network of more than 25,000 coaches. Bain Capital, LP is one of the worldâs leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. For Varsity Brands: Sheila Noone snoone@varsity.com 901-251-5959. Varsity Brands, a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement. I subsequently heard from an investor that private equity firms were looking for Varsity ⦠Get the latest bain capital news, articles, videos and photos on the New York Post. (Bloomberg) -- Bain Capital agreed to buy Varsity Brands, a maker of cheerleading uniforms and school spirit merchandise, betting on the sportâs future as it inches toward inclusion in the Olympic Games. Bain Capital is telling investors that Varsity Brands, the cheerleading outfitter it agreed to buy last week, could be a good candidate for the public markets. The terms of the acquisition were not disclosed, but the deal is believed to be worth about $2.5 billion, according to sources who spoke with CNBC. Bain Capital has agreed to acquire Varsity Brands, a manufacturer of cheerleading equipment and other school-spirit merchandise, from Charlesbank Capital Partners and Partners Group, with CNBC reporting a price of $2.5 billion.That's the same figure the two firms were said to be seeking when reports of a possible sale first emerged last month. Private equity firm Bain Capital announced an agreement to buy Varsity Brands Inc., a company that focuses on school spirit and produces apparel and equipment for cheerleading, football, and other sports, on Tuesday, June 19. Press Release: May 22, 2018 Bain Capital, the 35-year-old private equity firm known for takeovers of companies like Varsity Brands and the now bankrupt Toys R Us, is raising $1 billion for a ⦠It builds on the success of Varsity Brandsâ IMPACT Program, which provides customized solutions to schools that drive student engagement, faculty morale and community involvement. Bain bought Varsity Brands last year in a roughly $2.5 billion leveraged buyout. As of 2018, the firm managed more than $105 billion of investor capital. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014. Varsity Brands and GoFundMe Announce Exclusive Partnership to Provide Social Fundraising Solution for Americaâs Schools and Sports Teams. Financial terms of the deal were not disclosed. Bain Capital Private Equity has agreed to acquire Varsity Brands from Charlesbank Capital Partners and Partners Group which together acquired the company in November 2014. Memphis, Tennessee-based Varsity Brands, a sports equipment company, has named Justin Kentor as chief of strategy and business transformation. Why it matters: Varsity Brands owns nearly all aspects of the cheer ecosystem. Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, announced the signing of a definitive agreement to be acquired by Bain Capital Private Equity, the private investment firm. Cheerleading uniform retailer Varsity Brands Inc said on Tuesday it will be bought by private equity firm Bain Capital. Financial terms werenât announced. Varsity Brands is a portfolio company of Bain Capital Private Equity. In this capacity, Mr. Jaramillo will report to CEO Adam [â¦] Hi, Welcome to BIG, a newsletter about the politics of monopoly. The Private Equity team advised Varsity Brands on its definitive agreement to be acquired by Bain Capital Private Equity, a leading global private investment firm. It even pays cheerâs regulators â the people who are accused of shirking their duty of protecting young cheerleaders from sexual predators. Bain Capital (stylized as BainCapital) is an American private investment firm based in Boston, Massachusetts.It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate.Bain Capital invests across a range of industry sectors and geographic regions.
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