Reported about 8 hours ago
BlackRock is in discussions to sell its equity stake in Authentic Brands Group, the owner of brands like Sperry and Reebok, to an investor group comprising CVC Capital Partners, General Atlantic, HPS Investment Partners, and Leonard Green & Partners. Terms of the deal could value the stake at over $3 billion, with BlackRock initially purchasing it for $875 million in 2019. A transaction is not yet finalized, and the companies involved have not publicly commented.
Source: YAHOO