Colombia’s Maaji and Australia’s Seafolly get in the swim

Two market-leading swimsuit companies, Maaji of Colombia and Seafolly of Australia, and being combined into what controlling shareholder L Catterton Asia is calling a “global swimwear and beach lifestyle platform.”

L Catterton Asia, formerly known as L Capital and now the regional arm of U.S. consumer-focused private equity firm L Catterton, facilitated the move with a $50 million investment into Maaji, according to the Straits Times of Singapore.

Source: Finance Colombia