Simpson Thacher represented Academy Sports and Outdoors, Inc. (“Academy”), a portfolio company of Kohlberg Kravis Roberts & Co. L.P., in connection with its initial public offering of common stock, which raised approximately $200 million in gross proceeds. Shares of Academy are now listed on the Nasdaq Global Select Market under the ticker symbol “ASO.”
Academy is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 259 stores across 16 contiguous states, primarily in the southern United States.
The Simpson Thacher team included Joe Kaufman, Sunny Cheong, Stephanie Rowan and Nicholas Halliburton (Capital Markets); Marni Lerner (M&A); James Rapp, Charles Mathes and Niyati Roy (Public Company Advisory Practice); Tristan Brown and Alyssa Ohanian (Executive Compensation and Employee Benefits); Nancy Mehlman, Sophie Staples and Suzy Yaster (Tax); Kal Venkatraj (Credit); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA). Arielle Trapp also provided valuable assistance.