Home » Investment » L Catterton merges Seafolly and Maaji in $38 million beachwear deal
L Catterton is on a serious portfolio expansion kick. | Image courtesy: Seafolly

L Catterton merges Seafolly and Maaji in $38 million beachwear deal

L Catterton Asia, the Asian branch of  L Catterton, has acquired Colombian swimwear brand, Maaji, and merged it with its Australian portfolio swimwear brand, Seafolly in a $38 million deal. L Catterton Asia will take a 61 percent controlling stake of the combined group, named Swimwear Holding Co., making the firm the governing shareholder, WWD reports. Seafolly …

This content is for members only. Become a member now to get access to this and other awesome members-only content.

Check Also

Mobile Rewards Program Drop Bags $5.5M in Seed Funding, Continues to Focus on Millennials

Drop, a millennial-focused rewards program, today announced the launch of its platform in the US …