Singapore’s LVMH Group, which is backed by LVMH, is set to buy a 45 per cent interest in RM Williams for A$50m, said Australia’s Herald Sun.
Current owner, former News Corp executive Ken Cowley, will retain a 55 per cent interest.
L Capital Asia, which currently has nine companies in its portfolio, is primarily focused on China, India and Southeast Asia and also does deals in developed Asian markets such as South Korea and Australia.
It targets businesses with revenues of over $50m.
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