Simpson Thacher advised Academy Sports and Outdoors and entities affiliated with Kohlberg Kravis Roberts & Co. (“KKR”) on the deal.
Kohlberg Kravis Roberts & Co. L.P. (“KKR”) announced a secondary offering of common stock of Academy.
The offering of 18,645,602 shares of Academy’s common stock raised approximately $834.4 million in gross proceeds, with the selling stockholders receiving all of the proceeds from the offering. Concurrently, Academy effected a $200 million share repurchase from the underwriters of the secondary offering out of the shares sold in the offering.
Academy is one of the leading full-line sporting goods and outdoor recreation retailers in the United States.
The Simpson Thacher team included Joe Kaufman (Picture) and Arielle Katzman (Capital Markets); Jennifer Nadborny and Charles Mathes (Public Company Advisory Practice); and Sophie Staples (Tax).
Involved fees earner: Arielle Katzman – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Charles Mathes – Simpson Thacher & Bartlett; Jennifer Nadborny – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;