Authentic Brands Group receives investment from Lion Capital

By

Obi Anyanwu

Published
Apr 29, 2016

Lion Capital LLP, a consumer-focused investment firm, announced on Thursday a definitive agreement to acquire a minority interest in Authentic Brands Group LLC. The terms of the transaction were not disclosed.

 
Authentic Brands Group owns a leading global portfolio of iconic fashion, sports and entertainment brands, including Juicy Couture, Hickey Freeman, Spyder, Judith Leiber, Tapout, Jones New York, Elvis Presley, Marilyn Monroe, Muhammad Ali and Shaquille O’Neal. The New York City-based company was founded in 2010 and is a portfolio company of Leonard Green & Partners, L.P. (LGP).
 
"After spending time with Jamie and the ABG team, I have gained a tremendous respect for the platform the ABG team has built," said Lyndon Lea, Partner, Lion Capital. "Jamie and I saw appealing synergies between ABG and Lion Capital, and our investment represents an exciting next step for the development of ABG."

Lion Capital, the investment company that is passionate about driving growth through strong brands, has investments in brands, such as Jimmy Choo, John Varvatos, All Saints and Alex and Ani among others. The company works in partnership with the management of its companies to strategically transform the businesses.
 
LGP and Authentic Brands Group CEO Jamie Salter will remain the majority owners of ABG upon completion of the Lion transaction.