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 private equity 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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