L Capital Management Mergers and Acquisitions Summary

Private Equity Firm Profile

L Capital Management’s most common sectors for investment areapparel/textiles (31%) and retail (20%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (62%) and stake purchase (20%). In total, L Capital Management has invested in 2 US states and 10 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired Stroili Oro Group for $203M.

In the last 3 years, L Capital Management has exited 2 companies. The Firm’s most common exit type is secondary buyout (42%). L Capital Management’s largest (disclosed) exit occurred in 2008 when it sold Micromania France SAS for $541M.

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M&A Summary

  • M&A Total Activity43
    • M&A Buy Activity26
    • M&A Sell Activity17
  • Total Sectors Invested 11
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 17
  • M&A Advisors 2

L Capital Management

1, rue Euler,
Paris, 75008
France
+ 33 1 44 13 22 06
www.lcapital.eu
lcapital@lvmh.fr

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Consumer Products, Healthcare Services, Manufacturing, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Western Europe, Asia/Pacific, Central Asia/India

Transaction Criteria Min Max
Target Revenue 30 400
Target EBITDA - -
Investment Size 15 60
Enterprise Value - -
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.0/yr) # 26 - - - - - 26
vol $321M $321M
Sell (0.4/yr) # 15 - 1 1 - - 17
vol $879M $879M
  43

Most Recent M&A

Company Date Value Type
PVR INOX Ltd. 2023-12-19 - Stake Sale
Gurugram, India · www.pvrcinemas.com
ba&Sh SAS 2022-03-08 - Secondary Sale
Paris, France · www.ba-sh.com
Captain Tortue France 2018-12-13 - Secondary Sale
Aix-en-Provence, France · www.captaintortue.com
Stroili Oro Group SpA 2016-07-15 - Trade Sale
Amaro, Italy · www.stroilioro.com
Cigierre Compagnia Generale Ristorazione S.p.A 2015-11-12 338M EUR Secondary Sale
Tavagnacco, Italy · www.cigierre.com
El Ganso 2015-10-09 - Stake Purchase
Madrid, Spain · www.elganso.com
L'AMY Group S.A. (TWC L’AMY Group) 2015-06-01 - Stake Sale
Morez, France · www.lamy-diffusion.com
ba&Sh SAS 2015-04-08 - Buyout (LBO, MBO, MBI)
Paris, France · www.ba-sh.com
Seafolly Pty. Ltd. 2014-12-03 - Growth Capital
Alexandria, Australia · www.seafolly.com
Calligaris S.p.a. 2014-05-28 - Sold to Management
Manzano, Italy · www.calligaris.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Apparel/Textiles 2 (40%) - 8 (31%) 118M (37%)
Retail 1 (20%) - 5 (19%) 203M (63%)
Consumer Products 1 (20%) - 2 (8%) -
Food - - 2 (8%) -
Furniture - - 2 (8%) -
Restaurants - - 2 (8%) -
Beverages - - 1 (4%) -
Business Services - - 1 (4%) -
Consumer Services - - 1 (4%) -
Healthcare Services - - 1 (4%) -
Medical Products 1 (20%) - 1 (4%) -
Total 5 - 26 $321M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Italy 1 (25%) - 8 (32%) 203M (63%)
France - - 8 (32%) -
Spain 1 (25%) - 2 (8%) -
United States - - 2 (8%) -
  New York - - 1 (4%) -
  New Jersey - - 1 (4%) -
Australia 1 (25%) - 1 (4%) -
Taiwan 1 (25%) - 1 (4%) -
Sweden - - 1 (4%) 118M (37%)
India - - 1 (4%) -
Monaco - - 1 (4%) -
Domestic - - 8 (32%) -
Cross-border 4 (100%) - 17 (68%) 321M (100%)
Total 4 - 25 $321M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (20%) - 16 (62%) 118M (37%)
Stake Purchase 1 (20%) - 5 (19%) -
Growth Capital 3 (60%) - 3 (12%) -
Secondary Buyout - - 1 (4%) 203M (63%)
Joint Venture - - 1 (4%) -
Total 5 - 26 $321M

Exits by Deal Type

Type Total # Value
Secondary Sale 7 (41%) 338M (38%)
Stake Sale 3 (18%) -
Trade Sale - Public Company 2 (12%) 541M (62%)
IPO 2 (12%) -
Trade Sale 2 (12%) -
Sold to Management 1 (6%) -
Total 17 $879M

Top M&A Advisors

Financial Deals
ING Commercial Banking
1
Legal Deals
Chiomenti
1

Deal Values

buy # Total
$100M to $1B 2 $321M
TOTAL $321M
Largest Stroili Oro Group SpA
$203M (2006-04-04)
sell # Total
$100M to $1B 2 $879M
TOTAL $879M
Largest Micromania France SAS
$541M (2008-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Strategic(s)
4%
1 (4%)
Exited to
Investor(s)
47%
8 (47%)
Strategic(s)
24%
4 (24%)

FAQ

When was L Capital Management founded?

L Capital Management was founded in 2001.

What type of investor is L Capital Management?

L Capital Management is a private equity firm.

Where is L Capital Management headquartered?

L Capital Management is headquartered in Paris, France.

How much capital does L Capital Management have under management?

L Capital Management has 1.0B EUR under management.

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