L Capital in talks to enter Bimba & Lola

The investment vehicle of the luxury group LVMH might be

interested in entering in the capital of Spanish clothing and accessories firm Bimba & Lola. The Galician company fashion and accessories is seeking funding for its ambitious international expansion and L Capital is emerging as a strong candidate for a possible capital increase.

After closing Business and Internationalization ICO (sponsored by the Spanish Central Bank) loans to 5 years with Banco Sabadell for up to 10 million euro earlier this year, Bimba & Lola recently announced they are looking for new partners to expand their capital and fund its expansion projects to new markets .

As highlighted by sources close to the firm, Bimba & Lola has commissioned the investment firm Socios Financieros to attract between 30 million and 40 million euros fresh funding.

However, current management at Bimba & Lola will keep the decision power as are aiming to give away a maximum of 30 percent stake in their firm equity.

Note that, to date, the Spanish fashion company has financed its activities with the cash generated by its own operations.

As the company itself announced in mid-March, it intends to consolidate its international presence with new openings in Europe, Latin America, Asia and the Middle East.

Bimba & Lola, founded in 2004 by two nieces designer Adolfo Dominguez, registered turnover of 70 million euros in 2012.