GIC Joins BlackRock in Authentic Brands Deal

Posted on 08/12/2019


BlackRock Inc., through its new private equity fund Long Term Private Capital, acquired an approximate 30% stake in Authentic Brands Group for US$ 875 million. The transaction values Authentic Brands at an enterprise value of around US$ 4 billion to US$ 5 billion. Formed in 2010, Authentic Brands Group owns a number of brands including […]