Barnes & Thornburg LLP served as the company’s lead legal counsel. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantage and excellent prospects for growth. Charlesbank Capital Partners gave itself a billion reasons to celebrate on Tuesday by selling Varsity Brands for $2.5 billion. Varsity Brands, portfolio company of Charlesbank Capital Partners and Partners Group, has named Adam Blumenfeld as CEO. Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, agreed to be acquired by the private-equity powerhouse Bain Capital Private Equity in a move expected to pave the way for the company’s next level of growth. Bain Capital has about $105 billion in assets under management. If you’d like to sign up, you can do so here. Varsity Brands, a portfolio company of Charlesbank Capital Partners and Partners Group, has acquired allgoods LLC.Financial terms weren’t announced. Charlesbank and Partners Group were represented by Goodwin Procter LLP and Greenburg Traurig LP as legal counsel. With over 4,600 dedicated employees and independent representatives, Varsity Brands reaches its individual and institutional customers each year via catalog, telesales, e-commerce sites, and direct sales channels. About Varsity Brands Financial terms were not disclosed. Accounts yesterday received allocations of the first-lien term loan for Varsity Brands, which ticked to 100.25/101, from an opening market of 100.125/100.875, and issuance at par, according to sources. Varsity Brands, a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement, today announced that it has completed its previously announced acquisition by an investment group led by Charlesbank Capital Partners, a leading private equity firm. During our ownership, Varsity Brands filled or created 39 senior leadership positions, grew its combined sales force by more than 50% to over 1,700 reps, and invested in training and systems to drive significant growth in penetration and same-school sales. For Charlesbank Capital Partners Maura Turner [email protected] 617 … See AJ Janower's compensation, career history, education, & memberships. In … The price marked a … The company consists of three complementary businesses that are leaders in their respective categories: BSN Sports distributes team sports uniforms and athletic equipment to schools and youth leagues nationwide; Herff Jones provides school affinity and achievement products such as yearbooks, caps and gowns, class rings and diplomas; and Varsity Spirit offers cheerleading apparel, camps and competitions. Via the transaction, the issuer is repricing its approximately $755 million first-lien Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, agreed to be acquired by the private-equity powerhouse Bain Capital Private Equity in a move expected to pave the way for the company’s next level of growth. In June 2014, it was announced that the company as a whole would operate under the Varsity Brands name in order to reflect a more integrated operation. The Farmers Branch, Texas, company is a provider of sports apparel, school memorabilia and related services. "The entire Varsity Brands team is united as never before to ensure we inspire and champion greater self-confidence and camaraderie for students across the country," said Jeff Webb, Varsity Brands' chairman and chief executive officer. For more information about Varsity Brands, please visit www.varsitybrands.com. Financial terms were not disclosed. The appointment became effective immediately. Varsity Brands’ businesses have combined sales of $1.2 billion and more than 1,000 sales professionals serving the kindergarten through college market. For more information, visit www.partnersgroup.com. Varsity Brands is the leader in elevating student experiences in sport, spirit, and achievement through BSN SPORTS, Varsity Spirit, and Herff Jones. The firm is headquartered in Zug, Switzerland, and has over 700 professionals across 18 offices around the globe. Arlington, Texas-based allgoods is … Or just read on… Today I’m going to write about Varsity Brands, the Bain Capital-owned corporation which controls the sport of cheerleading. Based in Boston and New York, Charlesbank is a private equity investment firm focused on management-led buyouts and growth capital financings. Varsity Brands’ senior leadership will remain in their current … /PRNewswire/ -- Varsity Brands, ... a Managing Director at Charlesbank Capital Partners. Varsity Brands' senior leadership will remain Varsity Brands is the leading provider of sport, spirit and achievement-related products to high schools and colleges in the United States. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014. Together, these assets promote personal, school, and community pride through their customizable products and programs to elementary and middle schools, high schools, and colleges and universities, as well as church organizations, professional and collegiate sports teams, and corporations. For Charlesbank Capital Partners Maura Turner [email protected] 617-619-5457. Varsity Brands is the leading provider of sport, spirit and achievement-related products to high schools and colleges in the United States. Varsity Brands’ businesses have combined sales of $1.2 billion and more than 1,000 sales professionals serving the kindergarten through college market. Today, competing means entering Varsity’s world. Based in Boston and New York, Charlesbank is a private equity investment firm focused on management-led buyouts and growth capital financings. Varsity Brands' senior leadership will remain Memphis-based Varsity Brands is being acquired by Charlesbank Capital Partners, a private equity firm. Charlesbank Capital Partners acquires Varsity Brands Goodwin Procter attorneys recently advised private equity firm Charlesbank Capital Partners on its completed acquisition of Varsity Brands, a portfolio of brands that promote student participation in academics and athletics. Via the transaction, the issuer is repricing its approximately $755 million first-lien By 2014, we had evaluated BSN Sports and Varsity Spirit separately several times over the past decade, maintaining relationships with their senior executives. Herff Jones, which bought Varsity Brands in 2011, acquired BSN Sports in 2013 for $460 million and later rebranded the entire company under the Varsity Brands banner. Memphis-based Varsity Brands is being acquired by Charlesbank Capital Partners, a private equity firm. /PRNewswire/ -- Varsity Brands, ... a Managing Director at Charlesbank Capital Partners. The move, according to a company statement, is being made to … 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.. About Partners Group Partners Group (SIX: PGHN) is a global private markets investment management firm with over $42 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. Charlesbank focuses on management-led buyouts and growth capital financings. With a committed and experienced financial partner like Charlesbank at our side, our ability to deliver on this promise is sure to be enhanced. Enterprise-wide Initiatives: Focused on successful execution and investment across divisions, developing “One Company” culture and processes, and leveraging unique position as extra-curricular market leader to drive school spirit, achievement and student engagement, Sales:Supported management in growing its salesforce and improving selling effectiveness; helped launch cross-selling efforts to bridge the divisions and leverage each unit’s unique relationships within schools, Strategic Human Resources: Invested heavily in talent across the platform and helped the company expand its leadership team, with a focus on bolstering finance, strategy, marketing and innovation, Digital: Helped management develop a transformative digital strategy with the opportunity to deepen share of wallet with e-commerce tools, capture and monetize customer data, and expand reach to the broader community, M&A: Worked with management to identify and integrate highly strategic and accretive acquisitions, including cheerleading competition operator JAM Brands, apparel-oriented fundraising business allgoods, and BSN’s largest competitor, Lids Team Sports, along with various smaller tuck-in acquisitions. Financial terms were not disclosed. For more information, visit www.charlesbank.com. 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. Charlesbank and funds affiliated with Partners Group bought Varsity Brands in 2014 for about $1.5 billion. Varsity Brands. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014. Charlesbank and funds affiliated with Partners Group bought Varsity Brands in 2014 for about $1.5 billion. Company-wide, Varsity Brands’ new cross-selling program gained strong traction in the marketplace, driving incremental revenue growth and increasing the company’s value proposition of improving school spirit and celebrating student achievement.Following our sale of Varsity Brands in July 2018, wemade a new investment alongside Bain Capital and hold a minority stake in the business. Varsity Brands, the parent of BSN Sports and Herff Jones, has entered into a definitive agreement to be acquired by an investment group led by Charlesbank Capital Partners, a leading private equity firm. The company was then sold to the private equity group Charlesbank Capital Partners. 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 Brand's BSN SPORTS is the recognized leader in sports team athletic gear and is the largest distributor of team sports apparel and equipment. Varsity Brands operates through three businesses: BSN Sports, a distributor of sports equipment and apparel; Varsity Spirit, a provider of cheerleading uniforms and educational camps, clinics … About Charlesbank Capital Partners K&L Gates LLP and McGlinchey Stafford also served as legal advisors. Goldman Sachs Bank USA, Barclays, Ares Capital Corporation and Crescent Mezzanine provided debt financing commitments for the transaction, and Goldman Sachs & Co. and Barclays also served as M&A advisors to Charlesbank. Varsity Brand's BSN SPORTS is the recognized leader in sports team athletic gear and is the largest distributor of team sports apparel and equipment. In 2018, we sold Varsity Brands as a unified business to Bain Capital and, based on our continued conviction in the investment thesis, we made a new investment alongside them, retaining a seat on the board. DALLAS, June 19, 2018 — 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. Hi, Welcome to BIG, a newsletter about the politics of monopoly. Acquisition of family-owned plastics company — doubled the employee base, expanded manufacturing facilities and product lines, and instituted M&A process to grow the company and significantly improve earnings, Carve-out of a non-core, direct-to-consumer apparel division — invested, recapitalized and rebranded to drive sustained revenue, EBITDA and cash flow growth, Pure-play bandwidth infrastructure provider, which grew exponentially during our investment through continuous M&A and strong organic growth strategies, Acquisition of family-owned global energy storage leader — grew EBITDA, expanded markets and invested in R&D, sales force and facilities for next-level growth, Unlocked value in this sound, but overleveraged, eye-care industry leader through reorganization of three divisions into standalone businesses, Platform investment in building materials distribution — doubled revenue and EBITDA with new management team through M&A, geographic expansion and organic growth, Led this chain through a period of significant growth — increasing store count 50%, setting new sales records and doubling revenue and EBITDA. 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