M&A Deal Summary

Brookfield Private Equity Acquires Trimco Group

On November 22, 2022, private equity firm Brookfield Private Equity acquired apparel/textiles company Trimco Group from Affinity Equity Partners for 850M USD

Acquisition Highlights
  • This is Brookfield Private Equity’s 1st transaction in the Apparel/Textiles sector.
  • This is Brookfield Private Equity’s 10th largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 1st transaction in Denmark.

M&A Deal Summary

Date 2022-11-22
Target Trimco Group
Sector Apparel/Textiles
Buyer(s) Brookfield Private Equity
Sellers(s) Affinity Equity Partners
Deal Type Secondary Buyout
Deal Value 850M USD

Target

Trimco Group

Herning, Denmark
Trimco Group is a global supplier of brand identity products for international fashion and sports brands. Trimco Group is the combined force of CLOTEX, LABELON, and A-TEX with more than 1,700 employees in 22 countries, serving more than 740 brand owners and 8,600 manufacturers around the world. Trimco Group was established in 1978 and is based in Herning, Denmark.

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Buyer(S) 1

DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


DEAL STATS #
Overall 24 of 26
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 6 of 6
Country (Denmark) 1 of 1
Year (2022) 5 of 5
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Primary Wave

New York, New York, United States

Primary Wave is an independent publisher of iconic music catalogs. Primary Wave's music catalog consists of over 800 Top-10 singles, more than 400 hits, and some of the most legendary names in music, including Prince, Bob Marley, Whitney Houston, James Brown, Stevie Nicks, Ray Charles, Smokey Robinson, Bing Crosby, and Def Leppard, among many others. Primary Wave is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-09 Network International Holdings

Dubai, United Arab Emirates

Network International comprises of a group of companies and is a leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services. Network International was founded in 1994 and is based in Dubai, United Arab Emirates.

Buy £2.2B

Seller(S) 1

SELLER

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 23 of 24
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 3 of 3
Country (Denmark) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Vidio

DKI Jakarta, Indonesia

Vidio is an over-the-top (OTT) media service platform for news and entertainment websites, with live streaming channels, critically acclaimed original content, real-time audience involvement, and talent spotting competitions. Vidio was founded in 2014 and is based in DKI Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-05 Sido Muncul

Semarang, Indonesia

Sido Muncul is a provider of herbal medicines, cosmetics, and foods and beverages related to health in Indonesia and internationally. Sido Muncul was founded in 1940 and is headquartered in Semarang, Indonesia.

Sell $233M