Bain Capital, a private investment firm, agreed to acquire Mash Holdings, an apparel maker, for $1.44bn. "We would like to expand further overseas in the future, centred on China," Mash. The fund believes that there is room for Mash to open new stores in Japan. It is aiming to list Mash in an initial public offering in three to five years. Bain hopes that the company would be worth more as a result of overseas expansion, particularly in China, and the digitization of its operations.