Wednesday, June 2, 2010

James Salter of Authentic Brands Group and Kenneth Finkelstein of Knight's Bridge Capital Partners Announce $250 Million Equity Raise

Authentic Brands Group LLC ("Authentic Brands Group" or "ABG") announced today that it completed a $250 million equity capital raise with Green Equity Investors V, L.P., an affiliate of Leonard Green & Partners, L.P. ("LGP"), Knight's Bridge Capital Partners Inc. ("Knight's Bridge"), a wholly-owned subsidiary of Counsel Corporation ("Counsel"), and ABG's Chairman, President and Chief Executive Officer James Salter. The equity capital will be used to fund the growth of ABG's global brand licensing and management business as ABG looks to acquire and manage iconic consumer brands in the apparel, sporting goods, action sports, home, celebrity, entertainment and consumer electronics segments
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