L Capital Eco, a New Delhi-based subsidiary of the $640 million private equity fund L Capital Asia, has signed an agreement to invest about Rs 108 crore, or roughly $19 million, in the Indian theatrical chain PVR. L Capital Asia is backed by the luxury goods groups Louis Vuitton Moët Hennessy (LVMH) and Group Arnault, the [...]
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L Capital, the private equity arm of luxury goods group LVMH, has bought an 8 percent stake in unlisted Indian ethnic wear chain Fabindia, writes Reuters. Financial details of the transaction were not available. Media reports have valued Fabindia at about 14 billion rupees ($283 million). Reuters – L Capital, the private equity arm of [...]
L Capital, a private equity manager backed by French luxury goods giant LVMH, has launched a $650 million private equity fund for consumer deals in China, India and Southeast Asia, Reuters reported. The fund, L Capital Asia, will take minority stakes in retail, food and beverage and beauty and wellness companies, Reuters wrote. The fund expects to invest $200 million this year, and will reportedly announce one Chinese and one Indian fashion company investment within the next 60 days.
Last year, pent-up M&A needs in the luxury goods space that were withheld through the recession’s dark days finally saw the light of day, as big brand names like Tommy Hilfiger exchanged hands. But Japan’s earthquake and tsunami caused investors great consternation—and for good reason; Japanese luxury goods consumers are a driving force for the industry.
As Japan slowly rebuilds while facing an ongoing crisis, dealmakers, too, are ready to pick up the pieces. Already, prognosticators are declaring the Japanese economy is on its way back….
L Capital, the investment firm co-funded by luxury group LVMH, is in talks to buy a stake in Indian jewellery retailer Gitanjali, Reuters reported. The deal is estimated between $100 million and $125 million, Reuters said.
Evogen Inc. (fka Sceptor), a Kansas City-based developer of on-site biological detection systems, has raised $3 million in Series B funding. L Capital Partners led the round, and was joined by return backer Midwest Research Institute and individual angels. PRESS RELEASE L Capital Partners, L.P., a venture capital firm in New York, is the lead [...]
L Capital has agreed to sell French video game retailer Micromania to GameStop (NYSE: GME). The deal is valued at approximately $700 million, and is expected to close later this quarter, pending European regulatory approval. GameStop will fund the acquisition through existing cash and a $150 million term loan from Bank of America. PRESS [...]