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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 …

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