Bain Capital is exploring a sale or IPO of Varsity Brands that could value it at more than $6b, including debt, Reuters reports, citing unidentified people familiar with the matter.
- Bain has been interviewing investment banks to hire financial advisers that will help the firm come up with a plan to cash out on its majority stake in Varsity Brands
- Varsity Brands generates over $400m in 12-month Ebitda, report says
- Varsity Brands and Bain declined to comment to Reuters
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