Varsity Brands Raises $185 Million In New Funding Varsity Brands, the parent of BSN Sports; Varsity Spirit and Herff Jones, announced that it has successfully completed transactions that, in aggregate, raised a total of approximately $185 million in new capital to the company. There are 218 companies in the Varsity Brands Holding Co., Inc. corporate family. ... On a pro forma basis, revenue for Riddell combined with Varsity was $174.1 million, more than double our 1996 historical stand alone revenues for the year before the acquisition. Varsity Brands has acquired 4 companies of its own, including 4 in the last 5 years.. “We believe the revenue and profit of U.S.–based Varsity Brands Holding Co. Inc. and Hercules Achievement Inc., collectively known as Varsity Brands, could decline materially due to its participation in the school affinity market,” S&P said in a statement. Fast Growing. Varsity Brands Holding Co., Inc. is located in Farmers Branch, TX, United States and is part of the Wholesale Sector Industry. DBA VARSITY BRANDS, INC. DBA VARSITY SPIRIT CORPORATION. At the end of 1998, we became the exclusive U.S. licensee for Umbro branded soccer team apparel, footwear, equipment and accessories for the team channel of distribution. Varsity Brands is a $1.2 billion company owned by the $3.5 billion private-equity firm Charlesbank Capital Partners. • New York, July 19, 2018 -- Moody's Investors Service downgraded its ratings for Varsity Brands Holding Co., Inc. ("Varsity Brands"), including the company's Corporate Family Rating (CFR) and Probability of Default Rating (PDR), to B3 from B2 and to B3-PD from B2-PD, respectively. Standard & Poors lowered the debt ratings of Varsity Brands Co. Inc., the parent of Varsity Spirit, Herff Jones and BSN Sports, as the COVID-19 pandemic is leading to a growing number of school closures and event cancellations. See Varsity Brands company profile » Stay up-to-date with the latest news on Varsity Brands. Last updated: November 02, 2020. 9, 2020, 12:23 PM Bain Capital Private Equity bought Varsity Brands for $2.8 billion in 2018. Varsity Brands Holding Co., Inc's CEO is Adam Blumenfeld; How much revenue does Varsity Brands Holding Co., Inc generate? Form 10-K filed by Varsity Brands Inc with the security and exchange commission. Jonathan Morgan [email protected] 212-333-5525. The Company serves schools, sports teams and other organizations. Revenue: Over $500 million See Exact Annual Revenue: Employees: Over 1,000 Exact Company Size: … 14460 Varsity Brands. The Company has a portfolio of approximately three brands, including BSN Sports, Herff Jones and Varsity Spirit. Provider of sports apparel and cheerleading activities intended to inspire achievement and create memorable experiences for young people. As of 2019, Webb is Varsity Spirit's chairman, and continues to teach and lead cheer camps. Est. Herff Jones has 1,413 employees at their 1 location. Farmers Branch, TX 75244 . Varsity Brands General Information Description. To discuss … To explore Varsity Brands‘s full profile, request access. More... - Account manager. Varsity Spirit Fashions & Supplies's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. The firm has now hit breakfast sales of 12,000 per week, up from 5,000 in the previous year. Varsity Brands Inc is a medium-sized business with medium revenue, that is … Adam Blumenfeld. USA. 14460 Varsity Brands. The Company believes that the Riddell brand is one of the best known and recognizable in all of sports. • All rights reserved. ** Main Telephone (972) 484-9484. Brain Power (IP) Company Profile & Annual Report for Varsity Spirit Fashions & Supplies Access the complete profile. Charlesbank Capital Partners gave itself a billion reasons to celebrate on Tuesday by selling Varsity Brands for $2.5 billion. North Kingstown, RI 02852 • Remote. Varsity Brands, the parent of BSN Sports; Varsity Spirit and Herff Jones, announced that it has successfully completed transactions that, in aggregate, raised a total of approximately $185 million in new capital to the company. It rebranded as Varsity Brands in 2001 after some mergers and acquisitions through the years. Varsity Brands owns and operates a network of brands that designs and sells athletic gear, cheerleading uniforms and graduation dresses. School closures across the US, along with high unemployment and lower consumer confidence as a result of the coronavirus outbreak and related job losses will negatively impact demand for the company's products … Form 10-K Varsity Brands Inc 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] SEC.report. The Company has a portfolio of approximately three brands, including BSN Sports, Herff Jones and Varsity Spirit. or. Weigh In. 91. Varsity Brands' B3 CFR reflects its high financial leverage with debt/EBITDA projected to increase from estimated 7.8x for the twelve months period ended March 28, 2020. Get the full list », To view Varsity Brands’s complete board members history, request access », You’re viewing 5 of 7 investments and acquisitions. Varsity Brands Holding Co., Inc generates $1.2B in revenue; How much funding does Varsity Brands Holding Co., Inc have? Read more. Varsity Spirit, LLC, also known as Varsity, is an American cheerleading company owned by Varsity Brands.Founded in 1974 as the Universal Cheerleaders Association, the company is a manufacturer of apparel for cheerleading and dance teams, organizer of cheerleading competitions, and operator of training camps and sanctioning bodies.. Varsity Brands, a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement. “At the onset of COVID-19 we estimated revenue could be cut by 40% to 60%,” Varsity Brands’ CEO says. CEO. Umbro is one of the leading soccer brands worldwide. AcquireB2B. See insights on Herff Jones including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Revenue: $2 Billion. I love the culture Varsity has set up for themselves, Bain Capital has ruined them and a one or two on the leadership team don't understand the concept of "Team Work" which is what Varsity Brands is all about. CEO Approval Rating 78/100. USA. Performance & security by Cloudflare, Please complete the security check to access. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. SIC Code 67,671. For Varsity Brands: Sheila Noone [email protected] 901-251-5959 . Varsity Brands LLC is a United States-based provider of products and programs celebrating academic and athletic achievement. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Show More. The company's cheerleading, sports-related services, and team athletic gear help educators, coaches, and students to build school pride, student engagement, and community spirit. Since acquiring Varsity Spirit Corporation in June 1997, the Company has been conducting its business through two principal operating divisions: the Riddell Group Division ("Riddell") and the Varsity Group Division ("Varsity"). Varsity Brands' B3 CFR reflects its high financial leverage with debt/EBITDA projected to increase from estimated 7.8x for the twelve months period ended March 28, 2020. We are the recognized leader in team athletic gear through BSN Sports, driving force in all things cheer and dance with Varsity Spirit, and the most trusted name in celebrating student milestones with graduation and yearbooks through Herff Jones. Bain Capital has about $105 billion in assets under management. © 2021 PitchBook Data. NAICS Code 5511,55. An emphasis on social distancing and restrictions on large gatherings are also disrupting the company's business, the rating agency noted. Varsity Brands Holding Co., … PrivCo is the source for business and financial research on major privately-held companies, including private market M&A, venture capital, and private equity deals. Primary Address. Therefore, the revenue and employee figures presented below are those of the parent company. Varsity Spirit, LLC, also known as Varsity, is an American cheerleading company owned by Varsity Brands.Founded in 1974 as the Universal Cheerleaders Association, the company is a manufacturer of apparel for cheerleading and dance teams, organizer of cheerleading competitions, and operator of training camps and sanctioning bodies.. Varsity Brands, LLC provides cheer-leading and dance team products and services. The COVID-19 pandemic is leading to a growing number of school closures and event cancellations. Varsity Brands Holding Co., Inc. has 3090 total employees across all of its locations and generates $1.16 billion in sales (USD). Building School Spirit, Increasing Participation and Inspiring Achievement An enterprise powered by Varsity Brands, Varsity University® offers comprehensive educational programming to schools and athletic programs nationwide. Update Company View contact profiles from Varsity Brands. An emphasis on social distancing and restrictions on large gatherings are also disrupting the company's business, the rating agency noted. Employees. Make sure managers get behind the idea Barracuda, which owns the Smith & Jones, Cape and Varsity brands, is one of those firms already exploiting breakfast, as well as that other morning staple, coffee. Varsity Brands elevates the student experience in sport, spirit and achievement. Varsity Brands has acquired in 4 different US states. Varsity Brands is a $1.2 billion company owned by the $3.5 billion private-equity firm Charlesbank Capital Partners. ** Main Telephone (972) 484-9484. I love the culture Varsity has set up for themselves, Bain Capital has ruined them and a one or two on the leadership team don't understand the concept of "Team Work" which is what Varsity Brands is all about. Farmers Branch, TX 75244 . “We took $130 to $140 million out of our operating cost within two weeks. Get the full list », To view Varsity Brands’s complete subsidiaries history, request access », To view Varsity Brands’s complete exits history, request access », Executive Vice President & Chief Financial Officer, Chief Legal Officer, General Counsel and Chief of Staff. Varsity Brands' annual revenues exceed $1.8 billion, according to the company. According to Reuters, Varsity Brands’ revenue for the past 12 months ending in September was approximately $1.7 billion. BSN SPORTS Contacts Contacts (5/13) Name Title State; … An enterprise powered by Varsity Brands, Varsity University® offers comprehensive educational programming to schools and athletic programs nationwide. Varsity Brands registered revenue of about $2 billion last year, Blumenfeld said. In 1997, we acquired Varsity Spirit Corporation, a leader in the spirit industry. Est. Therefore, the revenue and employee figures presented below are those of the parent company. The price marked a … Through a combination of specialized online courses and in-person seminars, Varsity University® provides the resources necessary for educators, coaches and gym … PitchBook is a financial technology company that provides data on the capital markets. Varsity Brands registered revenue of about $2 billion last year, Blumenfeld said. Provider of sports apparel and cheerleading activities intended to inspire achievement and create memorable experiences for young people. The Company serves … Varsity Spirit Fashions & Supplies Fast Facts Note: Revenues for privately held companies are statistical evaluations. Revenues have … If Varsity could get back to that, it would be the best place I have ever worked. You’re viewing 5 of 14 executive team members. Varsity Spirit is a unit of Varsity Brands, owned by Bain Capital, the Boston-based private investment firm co-founded by Mitt Romney, Utah senator and former presidential candidate and Massachusetts governor. However, CNBC has reported Bain Capital will buy the company for $2.5 billion. You may need to download version 2.0 now from the Chrome Web Store. in revenue; 91 shows and 430 million dollars in revenue in Paris; and 78 designers showings with a 39.5 billion dollars in revenue in London. Varsity Brands LLC is a United States-based provider of products and programs celebrating academic and athletic achievement. An emphasis on social distancing and restrictions on large gatherings are also disrupting the company's business. They also produce other well-known awards like the Heisman Trophy, NBA All Star rings, and even Super Bowl championship rings. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. In 2016, he stepped down as CEO of Varsity Brands. PrivCo is the source for business and financial research on major privately-held companies, including private market M&A, venture capital, and private equity deals. Perry Street Communications . Bain Capital Private Equity bought Varsity Brands for $2.5 billion in 2018. Charlesbank and Partners Group acquired Varsity Brands from its employees in 2014 for $1.5 billion. 1 Diesner: Useful Article or Creative Design: Varsity Brands, Inc. v. Star A Published by Via Sapientiae, 2019 Varsity Brands' product diversity also helps mitigate the risks of temporary school closures, given some products are somewhat non-discretionary because they are required to participate in school activities. Cloudflare Ray ID: 619b08988b73282c A large part of Varsity Brands business includes class rings, yearbooks, and other school and graduation-related products. Varsity Brands Inc Form 10-K. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. If Varsity could get back to that, it would be the best place I have ever worked. 214-965-9955. Company-wide, Varsity Brands’ new cross-selling program gained strong traction in the marketplace, driving incremental revenue growth and increasing the company’s value proposition of improving school spirit and celebrating student achievement.Following our sale of Varsity Brands in July 2018, wemade a new investment alongside Bain Capital and hold a minority stake in the business. Bain Capital agreed to buy Varsity Brands, a maker of cheerleading uniforms and school spirit merchandise, betting on the sport’s future as it inches toward inclusion in the Olympic Games. Varsity brought in an estimated $1.7 billion in revenue last year — … Annual Revenue. Primary Address . He declined to give a projection for 2020 revenue. Varsity Brands Holding Co., Inc. -- Moody's announces completion of a periodic review of ratings of Varsity Brands Holding Co., Inc. Moodys Mar. It has more than 8,000 full-time employees. Standard & Poors lowered the debt ratings of Varsity Brands Co. Inc., the parent of Varsity Spirit, Herff Jones and BSN Sports, as the COVID-19 pandemic is leading to a growing number of school closures and event cancellations. The following is an excerpt from a 10-K SEC Filing, filed by VARSITY BRANDS INC on 3/31/2003. Bain Capital agreed to buy Varsity Brands, a maker of cheerleading uniforms and school spirit merchandise, betting on the sport’s future as it inches toward inclusion in the Olympic Games. This information is available in the PitchBook Platform. Big Fish. Company Awards. The downgrades are largely the result of the company's planned upsizing of its existing debt outstandings, … We are the recognized leader in team athletic gear through BSN Sports, driving force in all things cheer and dance with Varsity Spirit, and the most trusted name in celebrating student milestones with graduation and yearbooks through Herff Jones. ** NOTE: As a privately held subsidiary of a publicly traded parent company, annual revenue and employee count are not readily available. Search / Go. Please enable Cookies and reload the page. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. "Varsity Brands Inc" of Memphis, TN 38115 operates primarily in SIC Code 2389 - Apparel and Accessories, Not Elsewhere Classified and NAICS Code 315990 - Apparel Accessories and Other Apparel Manufacturing. He declined to give a projection for 2020 revenue. Varsity Spirit Fashions & Supplies Fast Facts. Varsity Brands is the leader in elevating student experiences in sport, spirit, and achievement through BSN SPORTS, Varsity Spirit, and Herff Jones. It is classified as operating in the Performing Arts & Spectator Sports industry. Another way to prevent getting this page in the future is to use Privacy Pass. Varsity Brands elevates the student experience in sport, spirit and achievement. Your IP: 190.107.177.44 Varsity Brands, Inc. announced net income of $4.7 million, or $0.40 per share on a fully diluted basis, for the second quarter of 2003, compared to net income of $8.7 million, or $0.79 per share on a fully diluted basis, for the quarter ended June 30, 2002. It is very much an engineering company with a focus on R&D: it spends 24% of total revenue on R&D and about 61% of its employees are in R&D. It has a strategic acquisition policy that endeavours to keep the people behind its acquired products, to further develop them.