L Capital buys Wolfensohn's Fabindia stake
L Capital Asia, the private equity arm of LVMH, has bought Wolfensohn Capital Partners' 8% stake in Indian fashion company Fabindia. The company, which is seeking capital to fund expansion, has been talking to potential investors for months.
"The deal is done. A formal announcement is expected shortly," one of the two sources with direct knowledge of the matter told Reuters. Wolfensohn Capital Partners, the New York-based venture capital...
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