CLSA Capital Partners, the alternative asset management arm of Asian investment group CLSA, has sold its stake in Japanese fashion company Baroque Japan Ltd. to CDH Investments.
CLSA Capital invested in Baroque Japan in 2007. In 2011, it was reported that Baroque Japan was seeking a Hong Kong IPO.
The exit is yet another example of private equity funds seeking exits through mergers and acquisitions. Other firms making such exit deals include Mandarin Capital Partners and Actis Capital.