L Capital news and archive

L Capital exits four-year investment in Fabindia

L Capital, the private equity firm backed by global luxury conglomerate LVMH group, has moved out of its investment in ethnic retailer Fabindia. The investment firm has sold 16 per cent stake in Fabindia Overseas to Hasham Investment and Trading, an affiliate of Wipro chairman Azim Premji's private investment arm PremjiInvest and two other...

Member

Business

LVMH joins forces with Cattenon and launches L Cattenon, a consumer-focused equity firm

LVMH has joined forces with investment firm Groupe Arnault - the family holding company of Bernard Arnault - and consumer-focused private equity firm Catterton to create L Catterton, a consumer-focused private equity firm. L Catterton will couple Catterton's buyout expertise with LVMH's global presence to invest in brands and companies with...

Apparel

L Capital to put in more funds in Asia

L Capital Asia, the private equity (PE) fund sponsored by the LVMH Group and Groupe Arnault are contemplatinginvesting around 250 million dollars (over Rs 1,500 crores) from its recently-raised 1-billion dollars (over 6,000 crores) funding, in India. Sources claim that the fund mostly interested in investing in emerging Asian market, may...

Apparel

LVMH snaps ties with Genesis Luxury

Unhappy with its partnership with Genesis Luxury, LVMH-owned L Capital Asia, a major investor in the company has decided to snap ties and has demanded that its founder either buys out its 40 per cent stake or should sell the luxury brands marketing firm completely. L Capital has also instructed Genesis Luxury to get its financial accounts...

Apparel

Gitanjali Gems, L Capital in fresh investment talks

Listed jewelry firm Gitanjali Gems has revived talks with L Capital, the private equity arm of the world’s largest luxury group LVMH, for a strategic investment. The two were in negotiations a year ago but talks had not progressed over the structure of the business. In the last one year, the company has been working on restructuring its...

Apparel

Lilliput confirms purchase offer from L Capital

Debt-ridden retail firm Lilliput Kidswear, which recently decided to sell off the company to get out of its debt situation has confirmed that it has received a letter of intent from L Capital, the private equity (PE) arm of Louis Vuitton Moët Hennessy, the world’s biggest luxury goods group. They want to acquire 85-90 per cent stake in Lilliput...

Apparel

L Capital in race to acquire Lilliput Kids

Debt ridden Lilliput, the largest kids’ wear chain in India is up for sale and according to sources, L Capital, the private equity (PE) arm of LVMH, the world’s largest luxury goods group is racing to acquire Lilliput’s retail assets, brand and liabilities. Recently, Lilliput founder Sanjeev Narula and estranged PE investors Bain Capital and TPG...

Apparel

L Capital Asia buys 40% stake in Genesis

Private equity firm L Capital Asia has picked up an additional 15 per cent stake in the Sanjay Kapoor-promoted Genesis Luxury Fashion. A short time earlier it had picked up a 25 per cent stake. This means Genesis will get about Rs 100 crores to facilitate its expansion plans like increasing the distribution and retail network and bring new...

Apparel

L Capital Asia to invest $650 m in Asia

Upcoming consumer firms in India have good news coming their way, along with similar companies in China and other buoyant Southeast Asian countries. Backed by the number one luxury brand’s holding company LVMH, L Capital, a private equity manager, recently launched a $650 million private equity fund that will invest in consumer firms based in...