Lion Capital LLP (“Lion Capital”), a consumer-focused investment firm known for their international expertise with brands including AllSaints, Jimmy Choo, John Varvatos and Alex and Ani, has signed a definitive agreement to acquire a minority interest in Authentic Brands Group LLC (“ABG”) from certain ABG existing shareholders. The terms of the transaction were not disclosed.
Headquartered in New York City, ABG is a brand development company which owns a leading global portfolio of iconic fashion, sports and entertainment brands. ABG’s mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. ABG’s current brand portfolio includes more than 23 world-renowned brands such as Elvis Presley, Marilyn Monroe, Muhammad Ali, Shaquille O’Neal, Juicy Couture, Judith Leiber, Jones New York, Hickey Freeman, Spyder and Tapout. ABG was founded in 2010 and is a portfolio company of Leonard Green & Partners, L.P. (“LGP”). LGP and Jamie Salter will remain the majority owners of ABG upon completion of the Lion transaction.