Brookfield Is Said to Acquire Nike Label Supplier Trimco Group

Brookfield Asset Management Inc. has acquired Hong Kong-based clothing label maker Trimco Group from buyout firm Affinity Equity Partners, according to people familiar with the matter.

Brookfield and Affinity completed the transaction after receiving regulatory approvals, the people said, asking not to be identified because the matter is private. The deal values Trimco, which counts US sportswear giant Nike Inc. as one of its biggest customers, at $800 million to $900 million, the people said.

The Toronto-based alternative asset manager may seek to expand Trimco globally over the long term, both organically and via acquisitions, they said.

Brookfield emerged ...