L Capital Asia Buys a 51 Percent Stake in Restaurant and Club Operator Ku Dé Ta Group (Asia)

Source: The Wall Street Journal  |  Author(s): Gillian Tan

Private equity firm L Capital Asia, which is backed by LVMH Moët Hennessy Louis Vuitton, has acquired a majority stake in restaurant, club and lounge operator Ku Dé Ta Group, best known for its location in Singapore. The company, which recently opened a new location in Thailand and has secured venues in Hong Kong and France, intends to use the new partnership to become a global dining and entertainment concepts brand. Financial details of the transaction were not disclosed.