Business

TA Associates announces 60% investment in firm that owns such fashion brands as JOIE

TA Associates, a private equity firm with offices in Boston, said Thursday that it has completed a majority investment in Dutch LLC, the parent company for the fashion brands JOIE, Equipment, and Current/Elliott.

Terms of the investment were not disclosed.

The Dutch brands of premium contemporary apparel are sold in more than 2,000 stores in 75 countries, including high-end department stores such as Saks Fifth Avenue, Nordstrom, Neiman Marcus, Barney’s, Harvey Nichols, Selfridges, and Printemps as well as in specialty boutiques in the US and international markets.

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James R. Hart, a principal at TA Associates, will join the company’s board of directors. Jennifer M. Mulloy, a managing director at TA, will also join the company’s board.

Serge Azria, chief executive and creative director of Dutch LLC, will remain CEO of Dutch following TA’s investment.