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

Untuckit raises $30 million to expand shirting brand across the U.S.

Untuckit, a New York-based shirting brand, has raised $30 million in venture funding. The investment …