A consortium of investors is negotiating with the American investment company BlackRock Inc. regarding the acquisition of a stake in Authentic Brands Group. This is reported by foreign media.
A group of investors, which includes CVC Capital Partners, General Atlantic, HPS Investment Partners and Leonard Green & Partners, are ready to pay out more than $3 billion as part of the proposed deal.
In 2010, Leonard Green & Partners became one of the founders of Authentic Brands Group, which owns the brands Forever 21, Herve Leger, Hunter, Reebok, Sperry and Ted Baker. CVC and HPS companies joined the investors in 2022. In 2023, General Atlantic increased its stake in Authentic Brands, the value of which, including debts, exceeded $20 billion.
In 2019, BlackRock acquired a stake in Authentic Brands for $875 million through a Long-Term Private Capital Fund. In November 2024, BlackRock decided to close the Long-Term Private Capital Fund and return the funds to investors. In December, BlackRock signed an agreement to acquire HPS for $12 billion.
BlackRock, Inc. is an American multinational investment company and the largest company in the world in terms of assets under management ($1 trillion). The headquarters is located in New York (USA). BlackRock offers its clients index funds and funds with active investment management.
Authentic Brands is an American entertainment and lifestyle brand management company. ABG owns more than 50 consumer brands, as well as the rights to the creative legacy of celebrities including Muhammad Ali, Elvis Presley and Marilyn Monroe. The customer base covers luxury stores, specialty stores, mid-range department stores, mass retail, and e-commerce. The headquarters is located in New York (USA).
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