ra2studio/iStock via Getty Images Buyout firm KKR & Co. (NYSE:KKR) agreed to purchase sports uniform and school yearbook maker Varsity Brands from Bain Capital for $4.75 billion, including debt. KKR will own Varsity Brands through its Americas private equity fund, according to a Reuters report on Wednesday, which cited people familiar with the matter. Bain purchased Varsity Brands from PE firms Charlesbank Capital Partners and Partners Group for around $2.5 billion in 2018. Reuters reported in November that Bain Capital was evaluating a sale or an initial public offering of Varsity Brands that was expected to value the maker of sports uniforms and school uniforms at more than $6 billion.