Simpson Thacher recently represented Academy Sports and Outdoors, Inc. (“Academy”) and entities affiliated with Kohlberg Kravis Roberts & Co. L.P. (“KKR”) in connection with a secondary offering of common stock of Academy by KKR. 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. 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 and Arielle Katzman (Capital Markets); Jennifer Nadborny and Charles Mathes (Public Company Advisory Practice); and Sophie Staples (Tax).