L Capital, a PE firm sponsored by luxury group LVMH, has acquired a 35% stake in French fashion accessories company TWC L'Amy from Edmond de Rothschild Investment Partners (EdRIP).
GP intends to acquire a stake in acquirer Dustin, which Altor listed in 2015
According to Borsen, the GP's stake is more than 35% and that the deal valued Luxion at almost DKK 1bn (€134.5m)
Fund enables Phoenix to build portfolios with exposure to venture capital investments for its policyholders
Cathay and Seaya expect to build synergies and further develop their complementary expertise