Bain to acquire Varsity Brands, a top maker of cheerleader uniforms and school spirit items, for roughly $2.5 billion

Bain to acquire Varsity Brands, a top maker of cheerleader uniforms and school spirit items, for roughly $2.5 billion

Bain Capital Private Equity is planning to acquire Varsity Brands, a company that capitalizes on the business of school spirit, in a deal reportedly worth about $2.5 billion. Bain Capital announced the plans Tuesday but didn’t disclose the price. Before the announcement, sources familiar with the situation told CNBC the deal would be worth roughly $2.5 billion. Varsity Brands’ foothold in the school spirits industry includes everything from the sale of cheerleading uniforms and class…

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