Authentic Brands Group, a global brand development, marketing, and entertainment platform, has announced that it has entered into a period of exclusivity and made a binding offer to purchase Boardriders, a global action sports and lifestyle company, from funds managed by Oaktree Capital Management, L.P. Through this acquisition, Authentic would strategically diversify and expand its portfolio with the addition of the most iconic brands in board sports, including Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, and Honolua.
Latham & Watkins LLP represents Authentic Brands Group in the transaction with a corporate deal team led by New York partners Justin Hamill and Michael Anastasio, with Austin associate Rachel Ratcliffe. Additional advice was provided on finance matters by New York partner Josh Tinkelman, on tax matters by Chicago partner Joe Kronsnoble; and on employee benefits matters by New York partner Austin Ozawa.
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