US-based buyout firm The Carlyle Group has agreed to acquire Dutch lingerie brand Hunkemöller from PAI Partners for an undisclosed sum, with a view to expanding its omni-channel strategy and building global growth. 

Under PAI's ownership, Hunkemöller has transformed from a local physical retailer to a global omni-channel brand with a global e-eommerce presence and more than 700 retail stores across Europe. 

"The Carlyle Group will work with us to continue to enhance our strategic vision and grow the business further as we leverage Carlyle's global network, its extensive experience and expertise in the retail fashion sector," said Hunkemöller CEO Philip Mountford. 

The transaction, which remains subject to advice of the Dutch works council and consultation of the Belgian and European works council as well as approvals from relevant regulatory authorities, is expected to be completed in the first quarter of 2016.

Further terms of the agreement were not disclosed.