BlackRock is set to become the largest shareholder of Authentic Brands, which owns Sports Illustrated and Nine West, people familiar say
BlackRock Inc. is poised to become the largest shareholder of the company that owns brands including Sports Illustrated, Nine West and Aéropostale in the first deal for the investment giant’s new private-equity fund, according to people familiar with the matter.
BlackRock is taking a stake in Authentic Brands Group LLC that values the closely held brand development, marketing and entertainment company at more than $4 billion including debt, the people said.
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