Deals
Affinity Nears Purchase of Garment Label Maker Trimco
- Asian PE fund chosen as preferred bidder for $500 million firm
- Affinity offer trumped bids from Baring Asia and Nike supplier
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Asian private equity firm Affinity Equity Partners is nearing a deal to buy Trimco International Holdings Ltd., a Hong Kong-based maker of garment labels, people with knowledge of the matter said.
Affinity was chosen as the preferred bidder for Trimco and will now negotiate final terms of the purchase, according to the people, who asked not to be identified because the information is private. A deal could value Trimco, which is controlled by Partners Group Holding AG, at more than $500 million, one of the people said.