Varsity Brands Sold to KKR
The Varsity Spirit and BSN Sports parent is being acquired by KKR from Bain Capital, according to S&P Global, confirming an earlier report by Reuters. The purchase price was said by Reuters’ sources to be $4.75 billion, though S&P did not confirm that number. Varsity Brands had been on the market since last year, and the recent $82 million settlement of a long-running antitrust lawsuit cleared the way for the deal to ... Log in to view full article.
