Freshfields Bruckhaus Deringer (‘Freshfields’) has advised CNC Investment Limited, an entity controlled by funds managed by Affinity Equity Partners, on its leveraged auction acquisition of 100 per cent of Trimco International Holdings Limited (‘Trimco’), a Hong Kong-headquartered apparel-labelling producer from Partners Group, for US$520m.

Founded in Hong Kong in 1978, Trimco provides a full range of garment labels, tags and trimming products to blue chip apparel brands and retailers worldwide. Trimco currently serves more than 500 clients globally and has more than 1,450 employees.

The Freshfields team advising on the deal was led by Hong Kong partner Simon Weller, together with partners Dan French and Alastair Mordaunt.