Varsity Brands Raises $185 Million in New Capital
The Bain Capital-owned parent of BSN Sports, Varsity Spirit and Herff Jones raised $150 million from existing and new institutional investors, and another $35 million by recapitalizing its headquarters building in Dallas, TX. The additional equity comes after both Standard & Poor’s and Moody’s questioned the company’s ability to service its almost $2.3 million debt load as operating results ... Log in to view full article.