May 28, 2016 6:16 AM ET

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Company Overview of Varsity Brands, Inc.

Company Overview

Varsity Brands, Inc. engages in cheerleading activities. The company also engages in various cheerleading segments, including educational camps and clinics, competitions, and uniforms. It also operates an online shop that sells apparel, shoes, and accessories for cheerleaders. Varsity Brands, Inc. was formerly known as Riddell Sports Inc. and changed its name to Varsity Brands, Inc. in September 2001. The company was founded in 1974 and is based in Memphis, Tennessee.

6745 Lenox Center Court

Suite 300

Memphis, TN 38115

United States

Founded in 1974

475 Employees

Phone:

901-387-4300

Fax:

312-794-6155

Key Executives for Varsity Brands, Inc.

Chief Executive Officer and Board Member
Age: 57
Founder and Chairman of the Board
Age: 65
Chief Financial Officer, Secretary, Treasurer, Chief Financial Officer of Varsity Spirit Corporation and Senior Vice President of Finance - Varsity Spirit Corporation
Age: 63
Senior Vice President of Camps and Events
Age: 63
Senior Vice President of Special Events
Age: 59
Compensation as of Fiscal Year 2015.

Varsity Brands, Inc. Key Developments

Varsity Brands Announces Appointment of Matthew E. Rubel as CEO

Varsity Brands announced the appointment of Matthew E. Rubel as CEO. Founder Jeff Webb will remain active in the business as Chairman of the Board. Mr. Rubel is an accomplished retail executive, most recently serving as a senior advisor to leading private equity firms, including TPG Capital and also on the Boards of The Hudson Bay Company, HSNi and Supervalu.

Charlesbank And Partners Group Are Reportedly Close To Seal Varsity Brands

Charlesbank Capital Partners LLC and Partners Group Holding AG (SWX:PGHN) are close to sealing an agreement for the purchase of Varsity Brands Inc for about $1.5 billion, Reuters reported citing people familiar with the matter. Varsity Brands hired Jefferies LLC to assist with a potential sale. Partners Group declined to comment while Varsity Brands and Charlesbank did not respond to requests for comment.

Varsity Brands Reportedly Planning To Sell Itself

Varsity Brands, Inc. is planning to sell assets. People close to the matter stated that Herff Jones, Inc.’s parent, Varsity Brands is exploring a sale of the entire corporation that could fetch up to $1 billion. They added that Varsity Brands has engaged Jefferies LLC in order to assist with a potential sale. The news report mentioned that Varsity Brands could not be reached for comment while Jefferies declined to comment.

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