BBFIT - Hanes Australasia

MN-10028

BBFIT Investments Pte Ltd (**BBFIT**) proposes to acquire the entire issued share capital of HBI Holdings Australasia Pty Ltd (**Hanes Australasia**) (the **Acquisition**). BBFIT is a private limited company incorporated in Singapore. The company's principal activities include investing and fund management, and its investment portfolio spans the consumer retail, property and technology sectors. BBFIT's controlled portfolio companies include Best & Less and Léays. * Best & Less is a value apparel retailer which supplies clothing for men, women and children, baby clothing, sleepwear, underwear, hosiery, fashion accessories, and lifestyle products. * Léays supplies lingerie, bras, underwear, shapewear and sleepwear. Hanes Australasia is the Australian parent entity of the Hanes Australasia group companies, the principal activity of which is the manufacturing, wholesaling, and retailing of consumer products in apparel and homeware markets. Hanes Australasia's brands include Bonds, Bras N Things and Berlei. * Bonds supplies men's, women's, and children's clothing, underwear, bras, socks, hosiery, babywear and outerwear. * Bras N Things supplies bras, underwear/lingerie, sleepwear, shapewear and swimwear. * Berlei supplies bras, hosiery, underwear, shapewear, camisoles and singlets.