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Authentic Brands Raises $3.5 Billion, Pushes Back IPO

Authentic Brands Raises .5 Billion, Pushes Back IPO

The company behind brands such as Brooks Brothers, Eddie Bauer and Sports Illustrated magazine plans to delay its initial public offering after getting a big new investment from two private-equity firms.

Authentic Brands Group LLC, which develops and licenses its brands to retail operators, said Monday it sold stakes to CVC Capital Partners and HPS Investment Partners in a deal that values the company at $12.7 billion including debt.

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