Baring Private Equity Asia has acquired a substantial stake in lifestyle brand company Cath Kidston from existing majority shareholder TA Associates. BPEA will have equal ownership with TA, and will partner with TA and the current management team to expand the brand and further develop its network in Asia. Founded in 1993, Cath Kidston opened its 100th overseas store in Seoul in July 2014, bringing its total number of stores to 166. The brand offers a range of products from accessories and womenswear to childrenswear and home furnishings. In the year ended March 30, 2014, its sales increased 10% to £116 million ($198 million) with EBITDA rising 19% to £25 million ($43 million). International retail sales increased 37% to £46 million ($78 million).