CVC, HPS To Buy Stake In Authentic Brands At $12.7BN Valuation

Authentic Brands Group (ABG) is shelving its planned initial public offering and instead plans to sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The transaction values the company at $12.7 billion in enterprise value.

Bass Pro-Parent Partners With Toyota Motor Credit

Great American Outdoors LLC, the parent company of Bass Pro Shops, Cabela’s and the White River Marine Group has reached an agreement to expand Toyota Motor Credit Corporation’s (TMCC) relationship with Bass Pro Shops and Cabela’s to include offering financial services for the company’s boats, all-terrain vehicle products and other mobility products.

StockX Acquires Inventory Management Tool, Scout

StockX has acquired the inventory management specialist, Scout. The sneaker resale platform’s first acquisition is expected to further streamline the selling experience on StockX and help customers grow and scale their operations.

Tilly’s Declares Special Dividend

Tilly’s Inc. announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $31 million in the aggregate, on the company’s outstanding Class A and Class B common stock.