L Capital Management, a private equity firm backed by LVMH Group and its holding company Groupe Arnault, has raised €400m for its latest fund.
The firm which specialises in lifestyle brands and retail, beat its original €350m target for this third fund, the firm said on Friday. The firm has offices in Paris, Milan and Madrid and buys majority or minority equity interests, in mid-market companies with enterprise values of up to €400 million.
The company has over time…