L Capital Asia, the private equity unit of multinational luxury giant LVMH, has invested $200 million in Trendy International Group, a Chinese casual-wear company, contrary to an earlier report in the South China Morning Post that put the price at $2 billion.
L Capital Asia has purchased a 10% stake in Guangzhou-based Trendy, which directly owns hundreds of stores and franchises for its four brands, including its largest brand Ochirly, The Wall Street Journal,...
Amicus Capital Partners, an India-focused PE firm founded last year by former executives from the Carlyle Group and India Value Fund Advisors (IVFA), has reached a first close of $90 million on its debut fund.
Rui Ma, Greater China partner at Silicon Valley-based investor 500 Startups, has left the firm and set up her own early-stage fund-of-funds to invest in US GPs.
Sydney Angels, a syndicate of high-net-worth individuals that invests in Australian start-ups, has launched its second fund with a view to raising up to A$20 million ($15 million).
Innovation Network Corporation of Japan (INCJ) has committed up to $45 million as part of a joint acquisition of UK-based freeze-dried food manufacturer Chaucer Food.