Washington Post

BlackRock buys $875 million stake in Authentic Brands Group

Foto: AP/Mark Lennihan

BlackRock's private equity vehicle struck its first deal, backing a company that manages brands including Sports Illustrated, Marilyn Monroe and Juicy Couture.

The firm's Long-Term Private Capital fund became the largest shareholder of Authentic Brands Group, the company said. The fund and affiliated entities invested $875 million, said Andre Bourbonnais, head of Long-Term Private Capital. The deal values Authentic Brands at more than $4 billion including debt, according to a person familiar with the matter...

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