Hop Lun (Platinum Equity portfolio company) Acquires RW Designs (Rainbow West Apparel)

Platinum Equity Acquires Majority Interest in Hop Lun

June 20, 2022

Manufacturing

Platinum Equity has acquired a controlling stake in Hong Kong-headquartered lingerie and swimwear manufacturer Hop Lun from founder Erik Ryd, who retained a significant ownership stake. The transaction, led by Platinum's Singapore investment team, positions Hop Lun — a global designer and manufacturer employing over 30,000 with production in Bangladesh, China, Ethiopia and Indonesia — for accelerated organic growth, strategic M&A and sustainability initiatives. Financial terms were not disclosed.

Platinum Equity-backed Hop Lun Acquires P.H. Garment

June 6, 2024

Manufacturing

Platinum Equity portfolio company Hop Lun has acquired P.H. Garment, a Hong Kong-headquartered private-label manufacturer of bras, shapewear and performance-driven activewear with three manufacturing facilities in Bangladesh and China. The add-on expands Hop Lun's manufacturing capabilities—particularly in bonded products—and aims to increase scale and service offerings for global fashion brands.

Westhook Capital Invests in RainShadow Labs

November 10, 2020

Manufacturing

Los Angeles-based private equity firm Westhook Capital has made an investment in RainShadow Labs, a St. Helens, Oregon-based private-label manufacturer of natural and organic personal care products. The capital will help RainShadow expand its product development, manufacturing and logistics capabilities to better support independent skincare and personal-care brands.

LongWater Opportunities Acquires Pistil Designs

March 3, 2022

Consumer Products

Dallas-based private equity firm LongWater Opportunities has acquired Pistil Designs, a Hood River, Oregon–based designer of premium headwear, bags and outdoor accessories. The deal adds Pistil to LongWater’s Great Socks Holdings platform (which includes Fox River Mills and Standard Merchandising Company) to expand product offerings and leverage U.S. manufacturing partnerships.

Rhône Makes Equity Investment in Wahoo Fitness

July 7, 2021

Consumer Products

Rhône, a global private equity firm, agreed to make a significant equity investment in Wahoo Fitness, with Wahoo founder Chip Hawkins and the management team reinvesting alongside Rhône. Norwest Equity Partners will remain a minority investor; the deal aims to support Wahoo's global expansion and growth of its connected-fitness hardware, software and content offerings.

Rain or Shine, Inc. Acquires Pomare, Ltd. (Hilo Hattie)

February 5, 2024

Retail

Rain or Shine, Inc., owned by Josh Margolis, completed the acquisition of Pomare, Ltd., the company operating under the Hilo Hattie trade name. JANAS acted as sellside advisor representing the owner; the deal moves ownership from the Pomare family to Rain or Shine after delays caused by COVID-19 and other local disruptions.