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L Capital Takes Majority in Restaurant Group

Crystal Jade Culinary Concepts is to expand in Asia and enter the North American market.

BEIJING — L Capital Asia — the LVMH Moët Hennessy Louis Vuitton-sponsored private equity fund — is acquiring a majority equity stake in Crystal Jade Culinary Concepts Holdings.

The Asian food and beverage group operates more than 100 restaurants throughout Asia Pacific, including bakeries and fine dining spots.

The investment is the third by L Capital Asia 2, which was launched in March 2013. Financial terms were not disclosed, nor the size of the majority stake.

Ravi Thakran, managing partner of L Capital Asia, said the investment would help Crystal Jade increase its footprint across the region and also enter the North American market.

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