In announcing a definitive agreement to buy the 131-door, southern U.S. chain of sporting goods stores earlier today, KKR did not disclose its purchase price for a majority stake in the retailer. The family of Arthur Gochman, the attorney and founder of Academy who died of a heart attack seven months ago at the age of 79, has agreed to retain an unspecified minority stake. The transaction, where Academy is being advised by Goldman Sachs and KKR by Morgan Stanley, Credit Suisse and Barclays, is forecast to close by Aug. 1.

In Academy Sports + Outdoor, the private equity firm will ... Log in to view full article.