Orchid Asia invests in Chinese apparel maker La Chapelle
Monday, October 27, 2014
(AVCJ by Winnie Liu) – Orchid Asia has taken a minority stake in Shanghai La Chapelle, a PE-backed ladies apparel manufacturer that listed in Hong Kong last month, for HK$122 million ($16 million).
According to a filing, Orchid Asia VI has acquired an additional 8 million shares in Shanghai La Chapelle at HK$15.20-15.15 apiece. Upon completion of the transaction, the private equity firm will see its stake in the manufacturer increase from 2.51% to 6.35%.
