Ropes & Gray represented Vince Holding Corp. (VNCE) in its strategic partnership with Authentic Brands Group, a global brand development, marketing and entertainment platform, whereby VNCE will contribute its intellectual property to ABG Vince for a total consideration of $76.5 million in cash and a 25% membership interest in ABG Vince. Through the agreement, Authentic will own the majority stake of 75% membership interest in ABG Vince. The announcement was made on April 24 in a press release.
VNCE, a global contemporary retailer and luxury apparel and accessories brand, reaches customers through its 50 full-price retail stores, 17 outlet stores, an e-commerce site, a subscription service, and premium wholesale channels. Authentic Brands Group connects strong brands with its global network of operators, distributors, and retailers in more than 150 countries.
The Ropes & Gray team was led by IP transitions partner Erica Han, and included capital solutions & private credit partner Patrick Dorime, finance partner Michael Lee, tax partner Benjamin Rogers, business restructuring partner Gregg Galardi, and capital markets partner Rachel Phillips.
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