L Capital closes latest vehicle on €400m

Established in 2001, L Capital is sponsored by the LVMH Group and its private holding company Groupe Arnault. The fund's predecessor, L Capital 2, closed on €325m in 2006.

Capstone Partners acted as placement agent for the fund, while SJ Berwin was mandated as legal adviser.

Investors
In addition to the LVMH group, L Capital marketed its fund to LPs in North America, Europe, Asia and the Middle East.

Investments
L Capital focuses on lifestyle brands and selective retail investments. The fund will back 10-15 transactions of mid-market businesses valued at up to €400m in Europe.

People
L Capital's team of 15 professionals is headed by chairman Daniel Piette.

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• Topics
• Buyout
• Consumer
• France
• L Capital Management
• SJ Berwin