Platinum Equity Acquires Majority Interest in Hop Lun

Hop Lun (Platinum Equity) Signs Agreements to Acquire Tobago and Chantelle’s Morocco Operations

October 17, 2025

Manufacturing

Hop Lun, a Platinum Equity portfolio company, signed definitive agreements to acquire two Morocco-based manufacturing businesses to create a new manufacturing platform in the country. The deals include Tobago and Chantelle Group’s Morocco operations (Famaco and Atma facilities), which are expected to close in the fourth quarter of 2025, subject to customary conditions.

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.

Platinum Equity Acquires Horizon Organic and Wallaby from Danone

January 1, 2024

Food & Beverage

Platinum Equity has signed and completed an agreement to acquire a majority interest in Danone's Horizon Organic and Wallaby brands, a carve-out intended to operate the brands as a standalone business. The transaction transfers ownership from Danone to Platinum Equity, positioning the organic dairy brands to benefit from Platinum's carve-out and operational expertise and to pursue growth and product innovation.

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

December 18, 2023

Manufacturing

Hop Lun, a Platinum Equity portfolio company and global designer/manufacturer of intimate apparel and swimwear, has acquired Rainbow West Apparel (RW Designs), a Los Angeles–based woman- and minority-owned private-label swimwear design house. The acquisition expands Hop Lun's U.S. sample, design and private-label capabilities and is an add-on to the Hop Lun platform to better serve retail partners with shorter lead times and greater flexibility.

Hahn & Company and Lutronic CEO Haelyung Hwang Launch Tender Offer to Acquire Lutronic

June 14, 2023

Medical Devices

South Korean private equity firm Hahn & Company has signed definitive agreements with Lutronic founder and CEO Haelyung Hwang to jointly launch a tender offer for all remaining shares of Lutronic for KRW957.0 billion (US$735.9 million). Lutronic is a South Korea–based maker of aesthetic medical devices with 2022 revenues of over KRW264 billion and a growing global presence, particularly in the United States and Europe.

Platinum Equity Acquires L&R Distributors

July 1, 2020

Logistics & Distribution

Platinum Equity has acquired L&R Distributors from affiliates of the company's founders. L&R, a Brooklyn-headquartered wholesale distributor and e‑commerce fulfillment operator serving over 17,000 U.S. retail locations, will continue to be led by CEO Marc Bodner under Platinum Equity ownership as the firm looks to scale the business through organic growth and strategic M&A.