Brookfield Asset Management Inc. is in advanced talks to acquire Hong Kong-based clothing label maker Trimco Group from buyout firm Affinity Equity Partners, according to people familiar with the matter.
The investment firms are hammering out the details of a transaction that could value Trimco at as much as $1 billion, the people said, asking not to be identified because the matter is private. Brookfield has been sounding out potential financing banks for the deal, and an agreement could be reached in the next few weeks, the people said.
Affinity bought Trimco from Partners Group Holding AG for $520 million in 2018. The Asia Pacific-focused buyout firm has about $14 billion of assets and funds under management, its website shows. It counts offices in Hong Kong, Singapore, Seoul, Sydney and Beijing.
Read more: BNN Bloomberg
