BancBoston Capital sells lingerie firm for x6 money

London based BancBoston Capital, now part of the European private equity network of Bank of America, has sold its stake in Unity Brands Ltd, the leading specialist lingerie manufacturer, to the incumbent management for a total return of six times its original investment.Unity Brands, with global turnover in 2004 in excess of £40m, is the only UK designer and manufacturer of high quality, fashion lingerie and swimwear specialising in larger bra cup sizes. Based in the East Midlands, at Desborough in Northamptonshire, the firm employs over 400 employees in the US, France and Germany, and the UK.