Milbank (Hong Kong) LLP advised a lender group of international financial institutions as the mandated lead arrangers in connection with the financing of Platinum Equity’s acquisition of Hop Lun.
Global investment firm Platinum Equity acquired a controlling stake in the international apparel company from founder Erik Ryd. The company’s founder will retain a significant stake and continue to work alongside Platinum Equity on Hop Lun’s next phase of growth.
This transaction is Platinum Equity’s fourth platform deal and first venture into the apparel industry in Asia. Hop Lun is the fourth apparel company acquired by Platinum Equity.
Hop Lun is an international apparel company headquartered in Hong Kong. The company is one of the largest designers and manufacturers of undergarments sold in the United States, United Kingdom and European Union.
The Hong Kong-based deal team included Leveraged Finance Group partners John Bona and Davide Mencacci, and associates Vincent Lau and Zoe Ng.
