Platinum Equity has purchased international fashion lingerie and swimwear company Hop Lun from company founder Erik Ryd.

Hop Lun is a designer and manufacturer of intimate apparel and provides bra services in the U.S., U.K., and E.U.

“We have known Erik for a long time and have closely tracked Hop Lun’s growth and performance over the past several years,” said Jacob Kotzubei, a partner at Platinum Equity. “Erik is an energetic and passionate entrepreneur who cares deeply about the company’s employees and customers, and he has had a meaningful impact on the evolution of the industry.”