L capital Asia invests in Chinese cosmetics firm
L Capital Asia, a private equity firm sponsored by LVMH Group, has invested in Guangdong Marubi Biological Technoloy Stock, becoming the second-largest shareholder in the cosmetics company. The deal is reportedly worth more than $100 million.
The capital will be used for R&D, advertising, marketing, M&A and global expansion, the company said. Zhong Lun Law Firm represented L Capital to complete the transaction. "L Capital is impressed by...
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