CVC has completed an investment in A Bathing Ape after the brand became an independent company from I.T Ltd. This follows the privatization of I.T Limited by Brooklyn Investment Ltd., owned by CVC Capital Partners Asia V Ltd. and the founder group of I.T With the investment, CVC has acquired co-control of BAPE.
BAPE has been among the world’s most iconic streetwear brands since its founding in Harajuku, Tokyo, Japan in 1993. BAPE’s line up of labels includes A Bathing Ape, AAPE, Baby Milo, BAPE Black, and Mr. Bathing Ape, which are sold in stores across Asia, North America and Europe.
Yann Jiang, director at CVC, said, “BAPE is an iconic brand with a loyal fan base that has defined the fashion industry with its premium streetwear designs. We are looking forward to bringing this exciting brand to more markets and new customers around the world.”
Sham Kar Wai, chairman, CEO and co-founder of I.T Limited, said, “I take great pride in the success of the brand to date, which has been thanks to the commitment of our leadership and staff. CVC is the right partner to support the transformation of BAPE as we focus on our long-term growth.”