Former Hilco Chief Salter Raises $250 Million for Venture to Buy Brands

Authentic Brands Group LLC, headed by the former chief executive officer of Hilco Consumer Capital, raised $250 million to acquire consumer brands.

James Salter, the CEO and chairman of Authentic Brands, worked with an affiliate of Leonard Green & Partners LP and Knight’s Bridge Capital Partners Inc. to secure the funds, the groups said today in a statement.

Salter left Hilco Consumer Capital in January. At Hilco, he oversaw the acquisition of brands such as Linens ‘n Things and Polaroid in partnership with Gordon Brothers Group.

To contact the reporters on this story: Lauren Coleman-Lochner in New York at llochner@bloomberg.net.

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