L Capital Asia buys nightclub chain

Private equity firm L Capital Asia has acquired 51 per cent stake in Ku De Ta for an undisclosed amount.

Ku De Ta is a nightclub and dining destination located atop Singapore’s Marina Bay Sands. It also recently opened in Bangkok, Thailand, and has secured new locations in Hong Kong and Paris. It is also scouting locations in Beijing, Dubai, Rome and Miami.

“We are extremely excited about backing one of the earliest world class integrated dining and entertainment concepts from Asia to make it a global brand,” said L Capital Asia managing partner Ravi Thakran.

The transaction excludes Ku De Ta restaurant in Bali, Indonesia.

The acquisition underlines the interest of LVMH-backed PE firm to take opportunity in the booming tourism sector.

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