The company behind brands such as Brooks Brothers, Eddie Bauer and Sports Illustrated magazine plans to delay its initial public offering after getting a big new investment from two private equity firms.
Authentic Brands Group, which develops and licenses its brands to retail operators, said Monday it sold stakes to CVC Capital Partners and HPS Investment Partners in a deal that values the company at $12.7 billion including debt.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 24 offices and over 490 employees throughout Europe, Asia and the U.S.
To date, CVC has secured commitments of over $110 billion from some of the world’s leading institutional investors across its private equity and credit strategies. In total, CVC currently manages over $50 billion of assets. Today, funds managed or advised by CVC are invested in ~50 companies worldwide, employing c.212,000 people in numerous countries.
Source: Wall Street Journal
Can’t stop reading? Read more
Advent and Corvex complete $1.3bn take-private of Heidrick & Struggles
Advent and Corvex complete $1.3bn take-private of Heidrick&Struggles Advent International and...
Blackstone-backed Mollie moves toward completing GoCardless buyout
Blackstone-backed Mollie moves toward completing GoCardless buyout Blackstone-backed payments...
Ardian rolls out diversified infrastructure fund targeting global professional investors
Ardian rolls out diversified infrastructure fund targeting global professional investors Ardian...