Funds advised and managed by YFM Equity Partners acquired a significant stake in Frescobol Carioca, a luxury men’s resort wear and lifestyle brand. Financial terms were not disclosed. Adam Hart of YFM commented: “Harry and Max have done a fantastic job in building a leading brand in the sector from a standing start in a very short space of time. Their vision for the business is exciting and we look forward to bringing our experience in supporting young fast growth companies to deliver the next phase of development of the company. We are particularly attracted by the global appeal of the products and believe Frescobol taps into an increasing interest in luxury travel and lifestyle. We are excited to be part of the Frescobol team.”