KKR completed the acquisition of Varsity Brands from Bain Capital and Charlesbank.

KKR, a global investment firm, completed the acquisition of Varsity Brands, an American apparel company, from private equity firms Bain Capital and Charlesbank. Financial terms were not disclosed. "Varsity Brands is a leading solutions-oriented services provider with a mission to elevate the student experience through sport and spirit, helping schools and teams foster greater participation, enthusiasm and community," Felix Gernburd, KKR Partner.