PR Newswire published Varsity Brands Enters Into Definitive Agreement To Be Acquired By Charlesbank Capital Partners.
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’ senior leadership will remain in their current positions and, under the terms of the proposed transaction, invest in the company alongside Charlesbank.