FOR IMMEDIATE RELEASE
NEW YORK, December 12, 2014 – International law firm Milbank, Tweed, Hadley & McCloy LLP represented administrative agent Goldman Sachs and lead arrangers Goldman Sachs, Barclays and Jefferies in a financing to support the acquisition by an investment group led by Charlesbank Capital Partners of Varsity Brands.
Varsity Brands is a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement. With combined sales in excess of $1.2 Billion, Varsity Brands’ three businesses – Herff Jones, Varsity Spirit and BSN SPORTS – include the largest "K-through-College" sales force. The three businesses serve schools, sports teams and other organizations offering customizable products, athletic and scholastic programs, sports apparel and equipment.
The Milbank Global Leveraged Finance team was led by partner Lauren Hanrahan and included associates Benjamin Sayagh, Lyn Brennan and Chris Hahm. Also providing advice on the transaction were Intellectual Property partner Larry Kass, Executive Compensation and Employee Benefits partner Joel Krasnow, partner, Matt Ahrens, Tax special counsel Eschi Rahimi-Laridjani, Tax associates Robin Hezkel and Erica Hauser and Real Estate associate Lisa Brabant.
