Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The Proposed Transaction involves the proposed acquisition by Platinum Equity Group of sole control of Hop Lun Limited within the meaning of Article 3(1)(b) of Council Regulation (EC) No 139/2004.

(a) Platinum Equity Group specialises in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of businesses, including information technology, telecommunications, logistics, metal services, manufacturing and distribution. Platinum Equity Group’s principal business address is in the USA. It has operations worldwide.

(b) Hop Lun is a global fashion lingerie and swimwear company and provider headquartered in Hong Kong. The company's product portfolio includes manufacturing of bra solutions, panties and complementary products that mainly comprises of swimwear as well as shapewear. Hop Lun is headquartered in Hong Kong. It is focused on the US, UK and EU with just 8% of revenue generated elsewhere. It has 14 manufacturing sites in 4 countries, namely Bangladesh (6 sites), Indonesia (3 sites), China (2 sites), and Ethiopia (1 site).

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

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