ABG is postponing its planned initial public offering thanks to a couple of new deep-pocketed partners. The New York-based brand marketer said CVC Capital and HPS Investment Partners, along with its current stable of shareholders, have signed definitive agreements to purchase significant equity stakes in the company in a transaction that values it at $12.6 billion in enterprise value. BlackRock, which has been ABG’s largest shareholder since 2019, will retain its majority position. Simon Prop...

ABG is postponing its planned initial public offering thanks to a couple of new deep-pocketed partners. The New York-based brand marketer said CVC Capital and HPS Investment Partners, along with its current stable of shareholders, have signed definitive agreements to purchase significant equity stakes in the company in a transaction that values it at $12.6 billion in enterprise value. BlackRock, which has been ABG’s largest shareholder since 2019, will retain its majority position. Simon Prop...