L Capital Asia and Warburg Pincus Participate in a Financing Round for Sasseur (Asia)

Source: Sasseur Cayman Holding, The Wall Street Journal | Author(s): Wei Gu

L Capital Asia, the Asian private equity business sponsored by global luxury goods distributor LVMH Group, has reportedly invested more than US$100 million in China-based Sasseur Cayman Holding, the operator of four outlet malls. The transaction was structured through L Capital Asia 2. Private equity firm Warburg Pincus also participated in the round. Sasseur plans to add another four outlet malls to its portfolio in 2015 and bring its network to a total of 20 outlet malls over the next five years.