A BlackRock-managed private equity firm and basketball and football stars Shaquille O’Neal and David Beckham are just a few of the big-name shareholders behind US giant Authentic Brands Group (ABG), which is poised to buy the parent of famous surf brands Billabong and Quiksilver.
A $US1.25 billion ($1.88 billion) binding offer to sell the business was struck over the weekend.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
