Street Talk

Iconic swimwear brand Tigerlily has plenty of US growth, buyers told

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 29, 2023 – 6.51pm

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Slide decks filled with bikini bods and colourful sarongs are back in the hands of interested buyers as a lengthy pitch for iconic swimwear brand Tigerlily hits inboxes just in time for summer.

Deloitte was appointed to sell the business by private equity owner Crescent Capital in October, three years after emerging from voluntary administration. Crescent is seeking to ride the wave of interest in Australian apparel as rival Seafolly is traded to an Asian buyer for $70 million in a tough trading environment for discretionary retail.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com