×
35 940
Fashion Jobs
PACSUN
Associate Manager, Brand And Public Relations
Permanent · Anaheim
TJX CORPORATE
IT Security Analyst Iii
Permanent · Marlborough
MACY'S
Beauty Account Coordinator - Trend: Herald Square/Nyc Division
Permanent · New York
DESIGNER BRANDS
Sales Supervisor Part-Time
Permanent · Maplewood
DESIGNER BRANDS
Sales Supervisor Part-Time
Permanent · Newport News
DESIGNER BRANDS
Inventory Control Clerk
Permanent · Westampton
RALPH LAUREN
Polo Factory Store - Store Selling Manager
Permanent · Las Vegas
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Mobile
JCREW
Associate Manager, j.Crew Factory, Bergen Town Center Womens
Permanent · Paramus
VICTORIA'S SECRET
Brand Operational Manager
Permanent · Queensbury
NORDSTROM INC
Corporate Strategy Manager
Permanent · Seattle
NORDSTROM INC
General Manager 3, San Bernardino Fulfillment Center – San Bernardino, ca
Permanent · San Bernardino
NORDSTROM INC
Loss Prevention Security Ambassador Fulton Street Rack
Permanent · New York
NORDSTROM
Loss Prevention Security Ambassador Southcenter
Permanent · Tukwila
NORDSTROM INC
sr Human Resources Director - Merchandising
Permanent · Seattle
NORDSTROM INC
Security Ambassador 1
Permanent · San Jose
JCPENNEY
Visual Display Art Director
Permanent · Plano
JCPENNEY
Senior Copywriter / Copy Manager - Marketing Creative
Permanent · Plano
NEIMAN MARCUS
Product Manager- Mobile
Permanent · Irving
MAC
Executive Director, Ecommerce – Mac North America
Permanent · New York
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - 20Hrs - Tanger Outlet Center - Washington,PA
Permanent · Washington
SALLY BEAUTY CORPORATE
District Manager
Permanent · Atlanta
By
Reuters
Published
Aug 13, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

BlackRock becomes Authentic Brands' largest shareholder with $875 million stake

By
Reuters
Published
Aug 13, 2019

BlackRock Inc’s new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an $875 million (727 million pounds) stake in Authentic Brands Group LLC, making it the largest investor in the U.S.-based entertainment company, the fund said on Sunday.


The deal announced on Sunday, which was first reported by the Wall Street Journal, values Authentic Brands Group at more than $4 billion including debt - Photo: Juicy Couture


​“The fund itself put $625 million and we have another $250 million that is coming from related entities and co-investors,” André Bourbonnais, head of BlackRock’s Long Term Private Capital, told Reuters.

In April, BlackRock said it was set to start investing its long-term private capital vehicle, which had $2.75 billion in capital committed from cornerstone investors at the time.

The deal announced on Sunday, which was first reported by the Wall Street Journal, values Authentic Brands Group at more than $4 billion including debt, the Journal said, citing unnamed sources. LTPC sits inside BlackRock's Alternative Investors segment, which oversees investment in real assets, private equity and private credit.

The rise of BlackRock, the world’s largest asset manager, has been fuelled by the explosive growth in exchange-traded funds and index funds as investors shift to cheaper funds that mimic stock and bond indexes.

But as fund fees race to the bottom, BlackRock is looking at newer revenue sources.

© Thomson Reuters 2020 All rights reserved.