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KKR finalizes acquisition of Varsity Brands from Bain Capital and Charlesbank

Aug 27, 2024•over 1 year ago

Acquiring Company

Kohlberg Kravis Roberts &

Acquired Company

Varsity Brands

New YorkDallasReal Estate InvestmentReal EstateFinancial ServicesSports

Description

KKR, a global investment firm, has successfully completed the acquisition of Varsity Brands from Bain Capital and Charlesbank. This acquisition is a strategic move to enhance KKR's presence in the team athletic, graduation, and cheerleading products market.

Company Information

Company

Kohlberg Kravis Roberts &

Location

New York, New York, United States

About

Kohlberg Kravis Roberts & Co. (KKR) is a global investment firm that manages multiple alternative asset classes, successfully investing in a wide range of sectors. Established in 1976, KKR is known for leveraged buyouts and investments in various industries. The firm focuses on generating attractive returns for its investors through a disciplined approach to investment. KKR also actively invests in sustainable practices across its portfolio companies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed