Affinity Equity Partners, Baring PE, Yue Yuen Industrial Holdings among final bidders for HK's Trimco

Chinese manufacturer Yue Yuen Industrial Holdings Ltd. will vie with regional buyout firms in the final bidding for Trimco International Holdings Ltd., a Hong Kong-based maker of garment labels that could fetch about $500 million, people with knowledge of the matter said.

Yue Yuen, which produces shoes for brands including Nike Inc. and Adidas AG, was among suitors shortlisted to make a binding offer for Trimco, according to the people. Asia-focused private equity firm Affinity Equity Partners Ltd. and Baring Private Equity Asia Ltd. were also chosen to proceed to the next round of bidding, the people said, asking not to be identified because the information is private.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter