Private equity firm PAS Group has acquired clothing and accessories businesses Fiorelli, Capelle and Review.

The purchases, which were backed by Deutsche Bank, will help PAS' plans for rapid expansion as it prepares for a possible floatation or assets sale in the next few years.

Group managing director Eric Morris said: "They have established themselves as dominant brands in their respective markets, which makes them an ideal fit with our business strategy.

"Our growth plan involves acquiring businesses that have established themselves as strong performers in the Australian market, work with management to identify how we can ensure continued growth and identify opportunities to leverage across the group."

The equity group, previously called Pacific Apparel Solutions, did not reveal the financial details of the latest transactions. Its other brands include Trail, Breakaway, Designworks and Hopkins Group.