Authentic Brands Group is eyeing its next stage of expansion, having just secured $875 million in investment from BlackRock LTPC. The move makes BlackRock the largest investor in the business and will now work closely with its management to prime the firm for its next stage of growth.
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.
ABG has experienced significant growth since it was founded in 2010 and is now a world-leading brand development, marketing and entertainment company. The company’s portfolio of over 50 brands generates close to $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. Its portfolio 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 and Judith Lieber.
ABG’s recent acquisition of Sports Illustrated, one of the most respected names in sports media, highlights the Company’s ability to expand a cultural centrepiece across digital, TV and social platforms and represents their increasing desire to converge content and commerce.
“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.
“BlackRock’s scale, global footprint and digital capabilities will enable us to build out our organisation and continue our domestic and international growth trajectory. This investment marks an important and exciting next phase of expansion for ABG.”
Colm Lanigan, senior member of the Long Term Private Capital team, added: “ABG is an innovator in the licensing and branding industry. We have built a close relationship with Jamie and Nick over the past ten years as they’ve established this company as a leader in the licensing industry by successfully capitalising on trends and continuing to innovate in the evolving consumer space. They have built a best-in-class business model and grown it with flawless execution.
“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.”