European private equity firm L Capital Management has held the final close of L Capital 3 FCPR at €400m.
Led by Senior Partner Philippe Franchet, L Capital 3 will focus on investing in mid-market European lifestyle brands and selective retail businesses, which have the characteristics of being “aspirational, affordable and alternative”. It will acquire majority or minority equity interests, either alone or jointly with select co-investors, in mid-market companies with enterprise values of up to €400m. It intends to invest in a portfolio of 10-15 companies.
Founded in 2011 and sponsored by the LVMH Group and and its private holding company Groupe Arnault, L Capital Management has offices in Paris, Milan and Madrid, and a team of 15 professionals led by Chairman Daniel Piette. It has invested in Micromania, Gant, Forte Pharma, Nutrition & Santé, Sandro, Maje & Claudie Pierlot, Vitamin Water, Pepe Jeans & Hackett Group, Princess Yachts, Calligaris, Stroili Oro, Dondup, etc.