CVC, HPS to Invest In Authentic Brands at $12.7B Valuation - NewsBreak
By Tarikul in Business
Updated 2 years ago
Sports Illustrated owner Authentic Brands Group is postponing an IPO to raise capital from two private equity firms. CVC Capital Partners and HPS Investment Partners are buying significant equity stakes in Authentic Brands at a valuation of $12.7 billion. Authentic Brands owns apparel and equipment brands like...