26 Apr '11, 1pm

L Capital's Asia investments 'strong'

SINGAPORE: L Capital said its investments in Asia, through a US$640 million fund, are expected to outpace returns of those in the US and Europe. The private equity arm of luxury goods conglomerate LVMH Group, or Moët Hennessy - Louis Vuitton, said it will set up a second Asia based fund. The higher returns comes on the back of the region's booming retail market. Growth of Asia's middle class means higher disposable income and global luxury conglomerate LVMH is taking note. With Europe and America facing anaemic growth, private equity players investing in retail are looking for the opportunity they need in Asia. L Capital Asia is looking for minority investments in regional consumer brands with what it calls value-for-money and aspirational qualities. In addition, it has an exit strategy timeline for its acquisitions that seek to deliver returns to its shareholders, unlike ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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