Bain Capital Private Equity will acquire a majority stake in Daymon Worldwide, a retail services provider, from existing shareholders. Bain will aid Daymon’s global growth plans, enabling it to access increasing demand in Asia’s high growth markets, the company said.
Financial details related to the deal were not disclosed.
“Daymon’s leading global market position and impressive track record of consistent revenue growth presented a very compelling opportunity for partnership,” said Jonathan Zhu, a managing director of Bain Capital. “We are thrilled to join forces with Daymon and look forward to working with them on the many growth opportunities this transaction will bring in the U.S. and Asia’s emerging economies.”
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