Bain Capital to acquire parent company of athleisure brand Andar

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Bain Capital to acquire parent company of athleisure brand Andar

A photo of Bain Capital LP's logo provided by the company [YONHAP]

A photo of Bain Capital LP's logo provided by the company [YONHAP]

 
Bain Capital LP said Friday it plans to acquire EcoMarketing, the parent company of local athleisure brand Andar.
 
The Boston-based private equity fund said it plans to purchase a stake of around 44 percent in EcoMarketing through a special purpose company, while the remaining amount will be acquired through a tender offer at 16,000 won ($11) per share.
 

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EcoMarketing holds a 57 percent stake in Andar, a popular gym wear brand that sells products in countries that include Japan, Australia and Singapore.
 
Andar has recently launched a new athleisure brand in the United States. 

Yonhap
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