James Salter of Authentic Brands Group and Kenneth Finkelstein of Knight's
Bridge Capital Partners Announce $250 Million Equity Raise With Leonard Green
& Partners


    
    Authentic Brands Group will focus on Global Brand Licensing





    
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<p>NEW YORK, <span class="xn-location">LOS ANGELES</span> and <span class="xn-location">TORONTO</span>, <span class="xn-chron">June 2</span> /CNW/ -- Authentic Brands Group LLC ("Authentic Brands Group" or  "ABG")  announced  today that  it  completed  a  <span class="xn-money">$250  million</span>  equity capital  raise with Green Equity Investors V, L.P., an affiliate of <span class="xn-person">Leonard Green</span> & Partners, L.P. ("LGP"), Knight's Bridge Capital Partners Inc. ("Knight's Bridge"), a wholly-owned subsidiary of Counsel Corporation ("Counsel"), and ABG's Chairman, President and Chief Executive Officer <span class="xn-person">James Salter</span>.  The equity capital will be used to fund the growth of ABG's global brand licensing and management business as ABG looks to acquire and manage iconic consumer brands in the apparel, sporting goods, action sports, home, celebrity, entertainment and consumer electronics segments.</p>
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    (Logo:  http://www.newscom.com/cgi-bin/prnh/20100602/LA13982LOGO)

    
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<p>Prior to the establishment of ABG, <span class="xn-person">James Salter</span> and <span class="xn-person">Kenneth Finkelstein</span>, Chief Executive Officer of Knight's Bridge, together with their partners, have developed a track record of successfully  acquiring and operating a vast  array of brands including Polaroid, The Sharper Image, <span class="xn-person">Ellen Tracy</span>, <span class="xn-person">Tommy Armour</span>, Linens n' Things, The <span class="xn-location">Bombay</span> Company, Halston, Ride Snowboards and Airwalk.  Through ABG, <span class="xn-person">James Salter</span> and his team also provide management services for the <span class="xn-person">Bob Marley</span> family under its celebrity brand division.  In previous ventures, together with his partners, <span class="xn-person">James Salter</span> has secured partnerships with celebrities including <span class="xn-person">Sarah Jessica Parker</span> at Halston and Lady Gaga at Polaroid to fuel brand recognition.</p>
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<p><span class="xn-person">James Salter</span> commented, "I am very excited to embark on this new venture with my partners at LGP and Knight's Bridge.  LGP is among the world's most experienced private equity investors in the retail and branded consumer products industries and Knight's Bridge will provide its own exceptional  investment  and  brand  licensing  expertise.  Our  collective  experiences  will  enable Authentic Brands Group to acquire and grow a global portfolio of world renowned brands."</p>
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<p>Jonathan Seiffer, Partner at LGP, said, "We identified the brand acquisition and licensing space as exhibiting significant potential for growth and value creation for our investors.  We believe that both <span class="xn-person">James Salter</span> and Knight's Bridge are the right partners to assist us in the execution of this compelling strategy."</p>
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<p><span class="xn-person">Allan  Silber</span>, Counsel's  Chairman  &  CEO,  commented, "Our  team at Knight's Bridge, led  by <span class="xn-person">Kenneth Finkelstein</span>,  has  earned  a  strong  reputation  for  its  financial  and  operational  expertise and, in recognition of this, has been identified by LGP and <span class="xn-person">James Salter</span> as the right partner for Authentic Brands Group."  <span class="xn-person">Kenneth Finkelstein</span> continued, "Our ability to be recognized by and invest with such world class partners is a validation of our continuing private equity strategy and represents a tremendous opportunity for our entire organization and our investors."</p>
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    About Authentic Brands Group LLC
    
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<p>Authentic Brands Group is an intellectual property corporation with a mandate to acquire, manage and build long-term value in prominent consumer brands.  ABG  operates out of New York with offices in <span class="xn-location">Toronto</span> and <span class="xn-location">Los Angeles</span>.   ABG's mandate is to acquire a global portfolio of  world renowned  brands  and  to  enhance  brand  equity  through  partnering  with  best-in-class brand licensees.  ABG will look to actively acquire and to manage iconic consumer brands in the apparel, sporting goods, action sports, home, celebrity, entertainment and consumer electronics segments. <a href="http://www.authenticbrandsgroup.com">www.authenticbrandsgroup.com</a></p>
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    About Leonard Green & Partners, L.P.
    
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<p><span class="xn-person">Leonard Green</span> & Partners is one of the nation's leading private equity firms with over <span class="xn-money">$9 billion</span> in  equity  commitments  under  management.  <span class="xn-person">Leonard Green</span> & Partners, L.P. was  founded  in 1989 and has invested in 51 companies with an aggregate value in excess of <span class="xn-money">$42 billion</span>.  The firm's investments are focused primarily on North American companies in a range of industries including retail, consumer products, distribution, media, business services and healthcare. Significant  investments include Whole Foods Market, Neiman  Marcus Group, Petco Animal Supplies, The Sports Authority, The Container Store, Tourneau, David's Bridal, Jetro Cash and Carry and The Tire Rack.  <a href="http://www.leonardgreen.com">www.leonardgreen.com</a></p>
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    About Counsel Corporation & Knight's Bridge Capital Partners Inc.
    
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<p>Counsel Corporation (TSX: CXS) is a private equity investor and alternative asset manager that actively partners with businesses to achieve shared success and to unlock value through leveraging its relationships, access to capital and  strategic market experience. Knight's Bridge Capital Partners Inc. is a wholly-owned subsidiary of Counsel.  <a href="http://www.counselcorp.com">www.counselcorp.com</a> and <a href="http://www.kbcpartners.com">www.kbcpartners.com</a></p>
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    Forward-Looking Statements
    
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<p>The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties.  All statements, other than statements of historical facts, which address each company's expectations, should be considered as forward- looking statements.  Such statements are based on knowledge of the environment in which each company  currently operates, but because of the factors  listed  herein, as well as other factors beyond such company's control, actual results may differ materially from the expectations expressed in the forward-looking statements.  Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals and other risks detailed from time to time in each company's securities and other regulatory filings, if any.</p>
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    Press Contact:
    Karine Joret
    Joret Group
    424-744-8666 (o)
    310-592-0185 (c)
    karine@joretgroup.com
    
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<p> </p>
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    Tim Pogue
    Authentic Brands Group
    Vice President, Marketing
    307.690.3712
    tpogue@authenticbrandsgroup.com
    
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    Todd Thal
    Counsel Corporation & Knight's Bridge
    Director of Investor Relations
    416-866-8084
    tthal@counselcorp.com





    

For further information: For further information: Karine Joret of Joret Group, +1-424-744-8666, cell, +1-310-592-0185, karine@joretgroup.com; or Tim Pogue, Vice President, Marketing of Authentic Brands Group, +1-307-690-3712, tpogue@authenticbrandsgroup.com; or Todd Thal, Director of Investor Relations of Counsel Corporation & Knight's Bridge, +1-416-866-8084, tthal@counselcorp.com Web Site: http://www.authenticbrandsgroup.com http://www.kbcpartners.com http://www.counselcorp.com http://www.leonardgreen.com

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