Affinity Equity Partners’s US$520 million acquisition of Trimco from Partners Group

Freshfields Bruckhaus Deringer has advised CNC Investment Limited, an entity controlled by funds managed by Affinity Equity Partners, on its leveraged auction acquisition of 100 per cent of Trimco International Holdings Limited (‘Trimco’), a Hong Kong-headquartered apparel-labelling producer from Partners Group, for US$520m.

Founded in Hong Kong in 1978, Trimco provides a full range of garment labels, tags and trimming products to blue chip apparel brands and retailers worldwide. Trimco currently serves more than 500 clients globally and has more than 1,450 employees.

The Freshfields team advising on the deal was led by Hong Kong partner Simon Weller (picture), together with partners Dan French and Alastair Mordaunt.

Clifford Chance advised global private markets investment manager Partners Group on its exit from global apparel labeling and branding solutions provider Trimco with a team led by corporate partner Andrew Whan, supported by senior associate Maureen Ho, registered foreign lawyer Brian Harley, associates Jonathan Yan and Peter Liang and trainee lawyer Angie Yeung (Hong Kong), and from Clifford Chance’s finance practice, partner Dauwood Malik, consultant Clara Shirota and associates James Tong and Theodore Au (Hong Kong), along with the firm’s antitrust practice, partner Richard Blewett, counsel Bai Yong (Beijing) and associate Cansu Aras (Istanbul).

Involved fees earner: Andrew Whan – Clifford Chance; Maureen Ho – Clifford Chance; Brian Harley – Clifford Chance; Jonathan Yan – Clifford Chance; Peter Liang – Clifford Chance; Angie Yeung – Clifford Chance; Dauwood Malik – Clifford Chance; Clara Shirota – Clifford Chance; James Tong – Clifford Chance; Theodore Au – Clifford Chance; Richard Blewett – Clifford Chance; Bai Yong – Clifford Chance; Cansu Aras – Clifford Chance; Simon Weller – Freshfields Bruckhaus Deringer LLP; Daniel French – Freshfields Bruckhaus Deringer LLP; Alastair Mordaunt – Freshfields Bruckhaus Deringer LLP;

Law Firms: Clifford Chance; Freshfields Bruckhaus Deringer LLP;

Clients: Partners Group; Affinity Equity Partners;

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Author: Michael Patrini