If you’d like to sign up, you can do so here. The appointment became effective immediately. Based in Boston and New York, Charlesbank is a private equity investment firm focused on management-led buyouts and growth capital financings. Varsity Spirit is a unit of Varsity Brands, owned by Bain Capital, the Boston-based private investment firm co-founded by Mitt Romney, Utah senator and former presidential candidate and Massachusetts governor. Charlesbank Capital Partners gave itself a billion reasons to celebrate on Tuesday by selling Varsity Brands for $2.5 billion. 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. 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. 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. 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 acquisition builds on Charlesbank’s track record in the education and consumer markets, and is consistent with our focus on middle-market opportunities that present compelling investment returns with carefully controlled risk. 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. Varsity Brands, a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement, today announced that it has entered into a definitive agreement to be acquired by an investment group led by Charlesbank Capital Partners, a leading private equity firm. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in … Charlesbank Capital Partners and Partners Group closed on their previously announced acquisition of Varsity Brands Dec. 15. 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. About Charlesbank Capital Partners See AJ Janower's compensation, career history, education, & memberships. Charlesbank and Partners Group were represented by Goodwin Procter LLP and Greenburg Traurig LP as legal counsel. /PRNewswire/ -- Varsity Brands, ... a Managing Director at Charlesbank Capital Partners. Barnes & Thornburg LLP served as the company’s lead legal counsel. With combined sales in excess of $1.2 billion, Varsity Brands’ three businesses – Herff Jones, Varsity Spirit and BSN SPORTS – include the largest “K-through-College” sales force, with more than 1,000 sales professionals dedicated to providing products and services to the school and institutional markets. Via the transaction, the issuer is repricing its approximately $755 million first-lien Varsity Brands’ businesses have combined sales of $1.2 billion and more than 1,000 sales professionals serving the kindergarten through college market. "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. While Webb is an aggressive businessman, Varsity had help from private equity; Charlesbank Capital Partners bought the company in 2014. For Varsity Brands Jonathan Morgan Perry Street Communications [email protected] 214-965-9955 212-333-5525. For more information, visit www.charlesbank.com. Under Charlesbank's ownership, Varsity Brands … Varsity Brands is a portfolio company of Charlesbank Capital Partners and Partners Group. Blacksmith Brands Holdings, Inc. (“Blacksmith”), a portfolio company of Charlesbank Capital Partners (“Charlesbank”), announced today that it has entered into… 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. Merger and Acquisitions: Charlesbank Capital Partners LLC will acquire Varsity Brands Inc Greenberg Traurig represented Charlesbank Capital Partners in its $1.5 billion acquisition of Memphis-based Varsity Brands, including its three businesses, Herff Jones, Varsity Spirit, and BSN SPORTS. Varsity Brands was acquired by a Charlesbank Capital Partners-led investment group in 2014 for roughly $1.5 billion. By 2014, we had evaluated BSN Sports and Varsity Spirit separately several times over the past decade, maintaining relationships with their senior executives. 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. In the last 3 years, Charlesbank Capital Partners has acquired 6 companies.It has also invested in 2 others.. Charlesbank Capital Partners’ most common sectors for investment are distribution (8%) and consumer products (7%).The Firm’s most common investment types include secondary buyout (30%) and buyout (lbo, mbo, mbi) (21%).In total, Charlesbank Capital Partners has … Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014. The company was then sold to the private equity group Charlesbank Capital Partners. 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. 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. 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’ businesses have combined sales of $1.2 billion and more than 1,000 sales professionals serving the kindergarten through college market. Varsity Brands, portfolio company of Charlesbank Capital Partners and Partners Group, has named Adam Blumenfeld as CEO. 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. 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. Varsity Brands. For Varsity Brands Jonathan Morgan Perry Street Communications [email protected] 214-965-9955 212-333-5525. Hi, Welcome to BIG, a newsletter about the politics of monopoly. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in … Based in Boston and New York, Charlesbank is a private equity investment firm focused on management-led buyouts and growth capital financings. For Charlesbank Capital Partners Maura Turner [email protected] 617 … Varsity Brands’ senior leadership will remain in their current … 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. Jeff Webb, Varsity Brands’ Chairman and Chief Executive Officer, stated, “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. A buyout of Varsity Brands would mark a relatively large deal for Charlesbank, which has more than $3 billion in assets and typically make investments of … The covenant-lite loan due December 2021 is priced at L+400, with a 1% LIBOR floor. Via the transaction, the issuer is repricing its approximately $755 million first-lien Bridges Consumer Healthcare, Portfolio Company of Charlesbank Capital Partners, Acquires Clarion Brands from Swander Pace Capital. Charlesbank and funds affiliated with Partners Group bought Varsity Brands in 2014 for about $1.5 billion. 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. The price marked a … 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. With a committed and experienced financial partner like Charlesbank at our side, our ability to deliver on this promise is sure to be enhanced. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014. The seller was Charlesbank Capital Partners, which acquired Varsity Brands in late 2014. Varsity Brands is the leader in elevating student experiences in sport, spirit, and achievement through BSN SPORTS, Varsity Spirit, and Herff Jones. The covenant-lite loan due December 2021 is priced at L+400, with a 1% LIBOR floor. Charlesbank and funds affiliated with Partners Group bought Varsity Brands in 2014 for about $1.5 billion. 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 about Varsity Brands, please visit www.varsitybrands.com. Locally founded Varsity Brands Inc. is being sold to a global private investment firm that manages approximately $95 billion in total assets. Krieg DeVault LLP provided legal counsel to GreatBanc Trust Company. In … Charlesbank Capital Partners and Partners Group have teamed up to acquire Varsity Brands Inc., a provider of school memorabilia and services. Varsity Brands' senior leadership will remain For Charlesbank Capital Partners Maura Turner [email protected] 617-619-5457. Varsity Brands was acquired by a Charlesbank Capital Partners-led investment group in 2014 for roughly $1.5 billion. Arlington, Texas-based allgoods is … Charlesbank and funds affiliated with Partners Group bought Varsity Brands in 2014 for about $1.5 billion. The Farmers Branch, Texas, company is a provider of sports apparel, school memorabilia and related services. Charlesbank and funds affiliated with Partners Group bought Varsity Brands in 2014 for about $1.5 billion. 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. 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. With customizable products and programs, including yearbooks and graduation products, cheerleading uniforms, camps and competitions, and sports apparel and equipment, the three businesses serve the full spectrum of schools as well as sports teams and other organizations. September 20, 2010 Blacksmith Brands Agrees to Sell to Prestige Brands. With a mission to inspire achievement and create memorable experiences for young people, Varsity Brands elevates the student experience, promotes participation, and celebrates achievement through three unique businesses: Herff Jones, a Varsity Achievement Brand; BSN SPORTS, a Varsity Sport Brand; and Varsity Spirit. We now look forward to exciting new initiatives that affirm our unique status as the single source for our customers’ sport, spirit, and achievement needs.”, “On behalf of Charlesbank and our co-lead investor, Partners Group, we are very pleased to have completed the Varsity Brands’ transaction,” added Brandon White, Managing Director at Charlesbank Capital Partners. Jefferies LLC served as lead financial advisor to the company and the Board of Directors, with Stout Risius Ross providing related advisory services. 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 Brands Unified three divisions with cohesive growth strategy — bolstering leadership, innovation and marketing across the platform and developing a One Company culture Case Study The firm seeks to partner with strong management teams to build companies with sustainable competitive advantage and excellent prospects for growth. Jeff and the Varsity senior team have built a unique platform with multiple avenues for growth, and we share their enthusiasm for the many opportunities ahead.”. Varsity Brands is the leading provider of sport, spirit and achievement-related products to high schools and colleges in the United States. About Partners Group 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 … At Herff Jones, key new hires and product investments helped the company improve margins and shift to a more customer-focused culture. Charlesbank Capital Partners and Partners Group have teamed up to acquire Varsity Brands Inc., a provider of school memorabilia and services. Jeff Webb, Varsity Brands’ Chairman and Chief Executive Officer, stated, “The entire Varsity Brands … The appointment became effective immediately. Bain Capital has about $105 billion in assets under management. Charlesbank leads $500M investment in Varsity Brands Nov 05, 2014 - The Deal Pipeline Private equity firm Charlesbank Capital Partners and its co-investors are putting in about $500 million of equity into their acquisition ofVarsity Brands, said Andrew Janower, managing director at Charlesbank 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. The following year it acquired Allgoods LLC, a specialty company that makes custom merchandise for school fundraising. The move, according to a company statement, is being made to … In 2004, Varsity bought the National Cheerleaders Association, and has rolled up a dozen more, including its main competitor in 2015, Jam Brands. Today, competing means entering Varsity’s world. Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $3 billion of capital. 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, a portfolio company of Charlesbank Capital Partners and Partners Group, has acquired allgoods LLC.Financial terms weren’t announced. 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. Varsity Brands, portfolio company of Charlesbank Capital Partners and Partners Group, has named Adam Blumenfeld as CEO. Financial terms were not disclosed. About Varsity Brands "Matt brings a great strategic mind, keen insight into the consumer industry, and a … Charlesbank focuses on management-led buyouts and growth capital financings. 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. AJ Janower is Managing Director at Charlesbank Capital Partners. Bridges Consumer Healthcare LLC (“Bridges”) has announced the acquisition of Clarion Brands, LLC, (“Clarion” or the “Company”) from Swander Pace… Read More 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.. Varsity Brands is being acquired from Charlesbank Capital Partners and funds managed and/or advised by Partners Group, which purchased the company in 2014. The firm is headquartered in Zug, Switzerland, and has over 700 professionals across 18 offices around the globe. This experience provided us with a unique perspective when their holding company Varsity Brands came to market, and in late 2014 we acquired the company, providing liquidity to the employee owners. Financial terms were not disclosed. Financial terms were not disclosed. 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. Or just read on… Today I’m going to write about Varsity Brands, the Bain Capital-owned corporation which controls the sport of cheerleading. K&L Gates LLP and McGlinchey Stafford also served as legal advisors. 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. Strategic initiatives at Varsity Spirit enabled the business to continue its long track record of growth though innovation and marketing. Financial terms were not disclosed. For more information, visit www.partnersgroup.com. Memphis-based Varsity Brands is being acquired by Charlesbank Capital Partners, a private equity firm. The seller was Charlesbank Capital Partners, which acquired Varsity Brands in late 2014. 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. 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, a portfolio company of Charlesbank Capital Partners and Partners Group, has acquired allgoods LLC.Financial terms weren’t announced. 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. 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