08:57 AM EDT, 08/26/2024 (MT Newswires) -- KKR (KKR) said Monday it has completed its acquisition of Varsity Brands from Bain Capital and Charlesbank.

Financial terms of the transaction were not disclosed.

KKR's investment is being made through its North America Fund XIII. The investment firm said it will launch an equity ownership program for employees of the sportswear and athletics manufacturer and retailer.

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