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Authentic Brands Group Lands Major New Investor

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Authentic Brands Group has a major new investor: BlackRock Long Term Private Capital. Announced Sunday, the deal sees BlackRock LTPC taking an $875 million stake that values ABG at roughly $4 billion including debt, according to The Wall Street Journal. The funding injection makes BlackRock LTPC ABG’s largest investor, ahead of existing stakeholders Leonard Green…

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