Companies

L Capital Asia announces first India investment

Our Bureau New Delhi | Updated on July 28, 2011 Published on July 28, 2011




L Capital Asia, the private equity fund of luxury products group LVMH, announced its first investment in India by picking up 25.5 per cent stake in Genesis Luxury Fashion Pvt Ltd for an undisclosed sum. The investment shall be done in two tranches, it said without giving the investment figures.

“The investment in Genesis Luxury Fashion is the first investment in India. It will entail initially taking a 25.5 per cent stake in Genesis and forming another joint venture for various new businesses,” the company said.

L Capital was created in 2001 and is sponsored by the LVMH Group and Groupe Arnault. L Capital Asia is a $650-million fund that was launched a year ago to invest in China and India and other emerging markets in Asia.

Investment

The investment shall be primarily made in consumer brands, lifestyle concepts, lifestyle food and beverages, media, hospitality, beauty and wellness and private education, the company said.

Published on July 28, 2011
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