ABG has experienced significant growth since it was founded in 2010 and is now a world-leading brand development, marketing and entertainment company. “We believe there is substantial growth still ahead for ABG and look forward to partnering with Jamie and Nick to build a global platform that brings together the worlds of fashion, health and wellness, sports, culture and entertainment.”, “We are delighted to have ABG as LTPC’s first investment,” added André Bourbonnais, Global Head of Long Term Private Capital. Created in 2010, Authentic Brands Group owns more than 50 athletic, entertainment, apparel and consumer brands, as well as the likeness of celebrities Muhammad Ali, Elvis Presley, Shaquille O'Neal, and Marilyn Monroe, according to the company's website. 0. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. They have built a best-in-class business model and grown it with flawless execution,” said Colm Lanigan, Senior Member of the Long Term Private Capital team. “We believe BlackRock’s scale, global footprint and digital capabilities will enable us to build out our organization and continue our domestic and international growth trajectory. The firm’s … The deal values Authentic Brands at more than $4 billion including debt, according to a person familiar with the matter. BlackRock will become the largest investor of ABG, a brand development, marketing and entertainment company. Singapore's GIC also added about $150 million to the deal. We look forward to a long and prosperous relationship.”, © 2018 Authentic Brands Group LLC. Leading brand management firm partners with the world’s largest money manager to enter its next phase of global growth and platform evolution. Have a confidential tip for our reporters? LTPC will become the largest investor in ABG and will work closely alongside its management, led by founder, Chairman and CEO James Salter and President and CMO Nick Woodhouse. “The strategic investment by LTPC is a testament to the success we have had building a leading platform for the ownership and development of brand and media content,” said Jamie Salter, Chairman and CEO at ABG. LTPC joins existing ABG investors including founding investor Leonard Green & Partners, General Atlantic, Lion Capital, Simon Property Group, Brookfield Properties’ retail group and Shaquille O’Neal. The New York-based money manager was seeking to raise up to $12 billion. Salter said the deal will provide Authentic Brands Group with additional capital to grow its branding business. Get this delivered to your inbox, and more info about our products and services. BlackRock bought roughly a 30% stake in Authentic Brands Group for $875 million, the company’s chief executive officer Jamie Salter told CNBC’s Brian Sullivan in a … (Reuters) - BlackRock Inc's BLK.N new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an $875 million stake …

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