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KKR, Bain Capital and Varsity Brands declined to comment.
Bain acquired Varsity Brands in 2018 from private equity firms Charlesbank Capital Partners and Partners Group for around $2.5 billion. Reuters reported last year that Bain was exploring a sale or initial public offering of Varsity Brands.
Varsity Brands consists of two main businesses, BSN SPORTS and Varsity Spirit. BSN distributes customizable team sports equipment and apparel through partnerships with brands including Nike and Under Armor.
Bain acquired Varsity Brands in 2018 from private equity firms Charlesbank Capital Partners and Partners Group for around $2.5 billion. Reuters reported last year that Bain was exploring a sale or initial public offering of Varsity Brands.
Varsity Brands consists of two main businesses, BSN SPORTS and Varsity Spirit. BSN distributes customizable team sports equipment and apparel through partnerships with brands including Nike and Under Armor.
Source: Reuters
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