Vince Holding Corp's Subsidiary OWL Opco acquired OVO Brand Assets and Equity interests and separately paid $6,000,000 for a 5% stake in ABG-OVO, LLC. The deal, closed August 24, 2026, expands Vince's brand portfolio and required a Credit agreement amendment to proceed.

Key Highlights

  • OWL Opco acquired OVO brand assets through an agreement signed August 24, 2026 with Aubrey Drake Graham, Authentic Brands Group LLC, and related October's Very Own entities.
  • OWL Opco paid $6,000,000 for a 5% Class A Percentage Interest in ABG-OVO, LLC, making it a minority member under the ABG-OVO Limited Liability company agreement.
  • Vince amended its existing asset-based credit Facility to clear the way for the transactions.

The counterparties include Aubrey Drake Graham, ABG-OVO, LLC, Authentic Brands Group LLC, October's Very Own IP Holdings, October's Very Own ULC and three October's Very Own Merchandising entities across Ontario, Delaware and Canada. Alongside the purchase agreement, OWL Opco separately agreed to pay $6,000,000 for a 5% equity stake in ABG-OVO, LLC. Vince also amended its existing asset-based credit facility to clear the way for the transactions.

OVO Brand Deal Structure

Aubrey Drake Graham is named as guarantor for limited purposes under the agreement, while Authentic Brands Group LLC and its subsidiary ABG-OVO, LLC serve as buyer of the intellectual property.

$6 Million Minority Stake in ABG-OVO

Once that transaction closes, OWL Opco becomes a minority member of ABG-OVO under its amended and restated limited liability company agreement. That agreement grants OWL Opco minority protections described as typical for an Investment of this size.

Credit Facility Cleared for the Transactions

The agreement, originally dated June 23, 2023, and previously amended in January 2025 and March 2026, runs among V Opco, its guarantors, Bank of America, N.A. as agent, and other lenders, with BofA Securities, Inc. serving as sole lead arranger and bookrunner.

Investor Presentation and Disclosure

Vince Holding Corp (NASDAQ: VNCE) issued a press release on August 27, 2026 addressing the Purchase Agreement. The company said it intends to use an accompanying investor presentation, dated the same day, in meetings with existing and potential investors. Chief Executive Officer Brendan Hoffman signed the disclosure on behalf of the company.

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Source(s)

  • https://www.sec.gov/Archives/edgar/data/1579157/000119312526369683/vnce-20260827.htm