HanesBrands (NYSE: HBI) has announced it intends to acquire DBApparel from Sun Capital Partners, provided consultation with works councils representing employees and customary closing conditions are met. The offer, to be funded with cash on hand and third-party borrowings, values DBA at €400 million ($550 million), about 7.5x EBITDA. If the deal concludes, the resulting company would be one of the largest innerwear apparel companies in the world, and once more share the rights to Playtex, Wonderbra and DIM brands. Previously, the two were sister companies, before Sun Capital bought DBApparel in 2006. Now, DBApparel sells innerwear in 16 countries, primarily in Western and Central Europe.