L Capital Asia invests $100m in China mall operator Sasseur
L Capital Asia, a PE firm sponsored by luxury goods conglomerate LVMH, has invested more than $100 million in a second round of funding for Sasseur Group, a Chinese outlet shopping mall developer.
Warburg Pincus, which invested $250 million for an undisclosed stake in Sasseur in 2013, also participated in this round. Sasseur operates four outlet malls in Chongqing, Shanghai and Hangzhou, comprising...
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