At what enterprise value was AUTHENTIC BRANDS GROUP acquired in 2021?

You can find the full valuation details of AUTHENTIC BRANDS GROUP on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of AUTHENTIC BRANDS GROUP when it was acquired by CVC / HPS INVESTMENT PARTNERS?

The estimated EV/EBITDA multiple for AUTHENTIC BRANDS GROUP is in the range of Above 20x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was AUTHENTIC BRANDS GROUP acquired by CVC / HPS INVESTMENT PARTNERS?

AUTHENTIC BRANDS GROUP was acquired by CVC / HPS INVESTMENT PARTNERS in 2021.

What was the EBITDA of AUTHENTIC BRANDS GROUP during the acquisition?

AUTHENTIC BRANDS GROUP's EBITDA is estimated to be in the range of 250M - 500M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the AUTHENTIC BRANDS GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the AUTHENTIC BRANDS GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cvc.com/media/news/2021/2021-11-22-cvc-fund-viii-and-hps-investment-partners-to-acquire-stakes-in-authentic-brands-group/

← DATABASE

Home Database Retail & ConsumerAUTHENTIC BRANDS GROUP

12/2021

CVC & HPS INVESTMENT PARTNERS take majority stake in AUTHENTIC BRANDS GROUP

UNITED STATES Consumer Products / Fashion & Apparel EV 3b - 100b USD

Context

Authentic Brands Group has been acquired by CVC Capital Partners and HPS Investment Partners through the purchase of significant equity stakes from existing shareholders. The definitive agreements were signed in November 2021, and the transaction is expected to close in December 2021 following customary regulatory approvals and closing conditions. The acquisition adds two new investors to ABG's capital structure while retaining BlackRock Long Term Private Capital as the largest shareholder. The investors intend to support ABG's expansion by providing capital and strategic resources that complement the company's brand licensing platform. CVC brings experience in consumer and media sectors, while HPS contributes credit expertise and financing flexibility. Both firms plan to work closely with ABG's management to accelerate international market penetration, enhance digital commerce capabilities, and identify additional brand acquisition opportunities. Post‑closing, the partnership is expected to enable ABG to scale its licensing operations, broaden its global distribution network, and increase the efficiency of its brand integration processes. Board representation by CVC and HPS will facilitate alignment on growth initiatives, while the additional capital is slated for use in targeted acquisitions, technology investments, and expansion of the company's e‑commerce and specialty retail channels.

As a reminder, Authentic Brands Group had previously acquired Reebok International in 2021 as part of its expansion strategy.

AUTHENTIC BRANDS GROUP, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Retail & Consumer market trends

Target

Authentic Brands Group is a US-based brand management company that acquires and monetizes consumer brands across apparel, footwear, lifestyle, and related categories. Rather than operating as a traditional retailer or manufacturer, the company typically builds value through intellectual property ownership, licensing, and partnerships with operating companies that handle production and distribution. Its portfolio includes a mix of heritage and mass-market brands, giving it a broad platform across consumer segments. The company’s model is centered on brand stewardship, global reach, and scalable royalty generation. By leveraging recognizable names and delegating operational execution to licensees, Authentic can pursue portfolio expansion with limited capital intensity compared with vertically integrated consumer businesses. This structure has made it a recurring consolidator in branded consumer assets.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with AUTHENTIC BRANDS GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
05/2025	AUTHENTIC BRANDS GROUP	DOCKERS	UNITED STATES	Consumer Products	Levi Strauss & Co. agreed to sell Dockers to Authentic Brands Group. The transaction transfers the Dockers brand out of Levi Strauss’ portfolio and into Authentic’s intellectual-property-led model, with the operational rollout expected to be handled through licensing and partner relationships rather than through a traditional owned-retail structure. The strategic rationale is straightforward. For Levi Strauss, the divestment supports portfolio simplification and allows management to focus on its core Levi’s and Beyond Yoga brands, while also aligning capital allocation with direct-to-consumer priorities and international growth
08/2021	AUTHENTIC BRANDS GROUP	REEBOK INTERNATIONAL	UNITED STATES	Consumer Products	Reebok International Ltd. has been acquired by Authentic Brands Group as part of a transaction announced in August 2021 that follows a multi‑year divestiture process initiated by the former owner. The sale concludes a period during which the target experienced fluctuating earnings, strategic realignment attempts, and a shift in market share relative to its primary competitors. Authentic Brands Group entered the agreement after evaluating the brand’s global licensing framework and its potential to integrate with the firm’s existing portfolio of apparel and footwear assets

REFERENCES

Valuation range: EV 3b - 100b USD

EBITDA range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AUTHENTIC BRANDS GROUP by CVC / HPS INVESTMENT PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: authentic brands group

Acquirer: hps investment partners / cvc