M&A Deal Summary

CVC Capital Partners Acquires Authentic Brands Group

On November 22, 2021, private equity firm CVC Capital Partners acquired consumer products company Authentic Brands Group from General Atlantic, Leonard Green & Partners and Lion Capital for 12.7B USD

Acquisition Highlights
  • This is CVC Capital Partners’ 14th transaction in the Consumer Products sector.
  • This is CVC Capital Partners’ largest (disclosed) transaction.
  • This is CVC Capital Partners’ 38th transaction in the United States.
  • This is CVC Capital Partners’ 7th transaction in New York.

M&A Deal Summary

Date 2021-11-22
Target Authentic Brands Group
Sector Consumer Products
Buyer(s) CVC Capital Partners
Sellers(s) General Atlantic
Leonard Green & Partners
Lion Capital
Deal Type Secondary Buyout
Deal Value 12.7B USD
Advisor(s) Bank of America Merrill Lynch (BofA Securities)
Goldman Sachs Investment Banking Division (Financial)
Latham & Watkins (Legal)

Target

Authentic Brands Group

New York, New York, United States
website
Authentic Brands Group is a brand development company which owns a major global portfolio of iconic fashion, sports and entertainment brands. ABG's mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. Authentic Brands Group is based in New York.

Search 173,301 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 82.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €250 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 284 of 293
Sector (Consumer Products) 14 of 15
Type (Secondary Buyout) 68 of 71
State (New York) 7 of 7
Country (United States) 38 of 38
Year (2021) 23 of 25
Size (of disclosed) 1 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 ekaterra

Rotterdam, Netherlands

ekaterra runs a tea business with world-class purpose-driven brands such as Lipton, PG tips, T2, TAZO, and Pukka. The company picks, cultivates, and nurtures various blends of brews and people. With 11 production factories in 4 continents and tea estates in 3 countries, ekaterra is a profitable and growing business offering a world of wellbeing through the regenerative power of plants to hundreds of millions of consumers. ekaterra was formed in 2021 and is based in Rotterdam, Netherlands.

Buy €4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Etraveli

Uppsala, Sweden

Etraveli is a global technology provider for flights focused on offering the best possible flight content delivered through flexible tech solutions to the consumer and any company facing the consumer. Through its own consumer brands like Gotogate, Mytrip, Flightnetwork and through global partnerships with the likes of Google Flights, Skyscanner, Kayak, Booking.com and others the company provides search, book and fulfilment services of flights and related products. Etraveli was formed in 2000 and is based in Uppsala, Sweden.

Sell €1.6B

Seller(S) 3

SELLER

General Atlantic

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1980
PE ASSETS 28.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest €40 to €400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 116 of 117
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 24 of 24
State (New York) 10 of 10
Country (United States) 64 of 64
Year (2021) 9 of 9
Size (of disclosed) 1 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 AnyDesk

Stuttgart, Germany

AnyDesk is a provider of remote desktop software. The Stuttgart-based company enables users a secure way to remotely access one device to another, with all common operating systems and from cell phones to mainframes. AnyDesk was launched in 2014 and is based in Stuttgart, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Incode

San Francisco, California, United States

Incode is an identity company that is reinventing the way humans verify their identity and interact with the world’s largest companies with a highly secure and delightful AI-based experience. Incode’s end-to-end fully automated orchestration platform enables seamless access across multiple channels with products focused on onboarding, authentication, and payment verification that increase conversion and reduce fraud. Incode is based in San Francisco with offices in Europe and Latin America.

Buy -
SELLER

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 40.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 49 of 49
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 17 of 17
State (New York) 6 of 6
Country (United States) 47 of 47
Year (2021) 8 of 8
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 MDVIP

Boca Raton, Florida, United States

MDVIP is a personalized healthcare program that empowers people to reach their health and wellness goals through in-depth knowledge, expertise, and one-on-one coaching with an affiliated primary care doctor. The company's model was created with the hope and vision of bringing more life to more lives both young and old by putting impersonal healthcare practices and tactics aside and embracing a new way of healing. MDVIP was formed in 2000 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Velvet Taco

Plano, Texas, United States

Velvet Taco is a restaurant concept set out to elevate through globally-inspired recipes and the freshest ingredients. The acclaimed restaurant provides a broad sampling of international tastes and inventive combinations, delivering flavors that are as memorable as they are delicious. Formed in 2011, Velvet Taco has almost 30 locations in Texas, North Carolina, Georgia, Illinois, Tennessee, and Oklahoma.

Buy -
SELLER

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
SizeMega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.


DEAL STATS #
Overall 24 of 24
Sector (Consumer Products) 5 of 5
Type (Secondary Buyout) 7 of 7
State (New York) 3 of 3
Country (United States) 8 of 8
Year (2021) 3 of 3
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Global Franchise Group

Atlanta, Georgia, United States

Global Franchise Group is a strategic brand management company that currently owns and manages a portfolio of franchised brands in the quick service restaurant industry and the retail footwear and accessories industry. Global Franchise Group was founded in 2010 and is based in Atlanta, Georgia.

Sell $443M