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Article: L Capital Acquires Princess Yachts International.
- Article from:
- Business Wire
- Article date:
- June 3, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS -- L Capital 2 FCPR, an investment group sponsored by LVMH - Mo[R]t Hennessy Louis Vuitton and Groupe Arnault, signed a definitive agreement, on Friday, May 30th, to proceed with the acquisition of Princess Yachts International, subject to appropriate anti-trust approvals.
L Capital controls over 70% of the Company's voting rights and has been supported by its co-investors including the Belgian investment group Cobepa. Calyon Bank participated in the funding of the transaction.
Princess Yachts International is delighted to team up with one the leading investment funds in luxury and aspirational brands, where the strengths built over the last 40 ...