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4 PE firms among shortlisted bidders for garment-label maker SML – Bloomberg

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4 PE firms among shortlisted bidders for garment-label maker SML – Bloomberg

Private equity firms Affinity Equity Partners, FountainVest Partners, Cornell Capital LLC and Platinum Equity LLC are among the suitors advancing to the next round of bidding for SML Group Ltd., Bloomberg News reported, citing people familiar with the matter.

The Hong Kong-based garment label maker expects to receive binding offers over the next few weeks, although the coronavirus pandemic could delay the auction, the people told the news outlet.

Representatives for Cornell Capital, FountainVest and Platinum Equity did not comment on the matter, while representatives for Affinity Equity and SML did not immediately answer requests for comment sent by the news outlet.

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