Australia’s Rip Curl, a maker of surf-wear, has appointed Bank of America Merrill Lynch for assistance in evaluation of various potential opportunities for receiving investments.

Rip Curl based in Torquay, Victoria is studying approaches to invest in the company from various global organizations. The company had indicated that it has identified several opportunities for investments that could help the company’s growth plan. It has received unsolicited approaches from several international companies into the company that is privately held.

“In order to assess these opportunities, the board has appointed Merrill Lynch to assist Rip Curl in exploring the opportunities available as well as assessing the merits of introducing a third-party investor to the group,” the company said in a statement.

The company has said that any new investments into the country will have to be in line with the values of the country.

The company has been able to increase its earnings in the previous financial year even as the surf-wear industry faced pressure on revenues during the time. Rip Curl said in the statement that its revenues and earnings before interest, tax, depreciation and amortisation had increased in 2011-2012 financial year.