Simpson Thacher Reps KKR In Sporting Goods Buy

Law360, New York (May 31, 2011, 11:47 AM EDT) -- Asset manager Kohlberg Kravis Roberts & Co. LP said Tuesday it would buy Texas-based sporting goods retailer Academy Sports & Outdoors for an undisclosed sum.

Katy, Texas-based Academy Sports, which is owned by Chairman and CEO David Gochman and his family, had about $2.7 billion in revenue in 2010. The Gochman family will retain a minority interest in the company.

"This transaction with KKR will help accelerate Academy's continued growth and provide even greater flexibility to achieve our strategic goals," Academy Sport President Rodney Faldyn said....
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