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Top related persons:
Abigail Summerville - 2 Kim Kyung - 1 Bain - 1 Varsity's Herff Jones - 1 Herff Jones - 1 Catterton - 1 Nick Zieminski - 1 Kevin R - 1
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New York Tokyo Japan U.S Varsity's Augusta Buffalo , New York American
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ACON Investments - 2 Thomson - 2 Bain Capital - 1 REUTERS - 1 Varsity Brands - 1 BSN SPORTS - 1 Spirit - 1 Nike - 1

Search resuls for: "ACON Investments"


2 mentions found


☆ Exclusive: Bain eyes Varsity Brands cash-out at $6 bln-plus valuation -sources
  + stars: | 2023-11-13 | by ( Abigail Summerville | Thomson Reuters | Abigail Is On The M A Team | ) www.reuters.com   time to read: +2 min
Bain has been interviewing investment banks to hire financial advisers that will help the private equity firm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said. Varsity Brands generates more than $400 million in 12-month earnings before interest, taxes, depreciation and amortization, the sources added, asking not to be identified because the matter is confidential. Varsity Brands and Bain declined to comment. Varsity Brands consists of two main businesses, BSN SPORTS and Varsity Spirit. Varsity kept the yearbooks business when it sold Herff Jones to private equity firm Atlas Holdings earlier this year.
Persons: Kim Kyung, Bain, Varsity's Herff Jones, Herff Jones, Catterton, Abigail Summerville, Nick Zieminski Organizations: Bain Capital, REUTERS, Varsity Brands, BSN SPORTS, Spirit, Nike, Varsity, Atlas Holdings, Bain, Charlesbank Capital Partners, Partners Group, Birkenstock, ACON Investments, Kelso, Co, Equity, Thomson Locations: Tokyo, Japan, U.S, Varsity's, New York, Augusta
☆ Exclusive: U.S. sports league caps maker New Era prepares for IPO-sources
  + stars: | 2023-09-07 | by ( Abigail Summerville Echo Wang Anirban Sen | Abigail Summerville | Echo Wang | ) www.reuters.com   time to read: +3 min
New Era, which makes caps affiliated with the National Football League (NFL), Major League Baseball (MLB) and National Basketball Association (NBA), has invited investment banks and law firms to pitch this month for roles in its stock market debut, the sources said. MLB, the NFL and the NBA hold minority stakes in New Era. The company's earnings before interest, taxes, depreciation and amortization (EBITDA) may reach or surpass $300 million in 2023, the sources added. It was launched in 1954 and customized for select teams in MLB, the NFL and the NBA. Separately, Chris Koch told Bloomberg News on Thursday that New Era had secured a $600 million refinancing loan from banks.
Persons: Kevin R, Wilson, Ehrhardt Koch, Chris Koch, Jim Grundtisch, Jim Patterson, Abigail Summerville, Echo Wang, Anirban Sen, David Gregorio Our Organizations: National Football League, Major League Baseball, National Basketball Association, ACON Investments, MLB, NFL, NBA, Arm Holdings, Ivy League, New, Bloomberg, Thomson Locations: New York, Buffalo , New York, American, New, Echo
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