Entities affiliated with BlackRock‘s Long Term Private Capital (LTPC) made a strategic investment in Authentic Brands Group (ABG), the NYC-based owner of a portfolio of iconic and world-renowned brands.
BlackRock Long Term Private Capital 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. It joins existing investors including founding investor Leonard Green & Partners, General Atlantic, Lion Capital, Simon Property Group, Brookfield Properties’ retail group and Shaquille O’Neal.
Founded in 2010, ABG is a brand development, marketing and entertainment company whose portfolio includes over 50 brands, which generate close to USD $10 billion in annual worldwide revenue in more than 70 countries.
ABG’s portfolio spans the luxury, specialty and mid-tier retail channels in both e-commerce and brick and mortar, and is diversified across the lifestyle, sports, celebrity, entertainment and media sectors.
It includes brands such as Marilyn Monroe, Elvis Presley, Muhammad Ali, Shaquille O’Neal, Greg Norman, Thalia Sodi, Neil Lane, Nautica, Aéropostale, Vince Camuto, Nine West, Juicy Couture, Frye, Spyder, Prince, Judith Lieber, and recently acquired Sports Illustrated.