NEWS & VIEWS

Global private equity and venture capital news and research

Sun Europe sells stake in Wonderbra maker DBApparel to value company at €400m

25 Jun 2014

WonderbraPrivate equity firm Sun European Partners has agreed to sell its stake in lingerie and underwear maker DBApparel in a trade sale to HanesBrands which values the business at €400m.

Sun Europe bought DBA from the Sara Lee Corporation in 2006, and has helped the then struggling business make a “solid recovery”, according to a press release from the firm.

DBA designs and makes garments for brands including Wonderbra, Playtex and Shock Absorber, and has a strong presence across Europe.

Sun vice president Lionel de Posson said, “We are very proud to have successfully contributed to the strategic repositioning and operational transformation of DBA, creating a robust business which is now in good financial health.

“We believe that this proposed transaction, which would bring together two complementary geographical market leaders, would represent a key milestone in the turnaround strategy that we have helped to implement at DBA in recent years.

“We look forward to identifying similar investment opportunities in France in the future.”

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2015