LVMH's private-equity arm on the prowl in S-E Asia

LVMH Moet Hennessy Louis Vuitton SA's private-equity arm, which bought a rooftop bar and dim sum restaurant chain in Singapore this year, is seeking more investments in the region to gain from rising consumer spending.

L Capital Asia sees opportunities in Singapore's food and beverage, entertainment and beauty-care industries because the city has a large expatriate population and tourist flows, according to Sanjay Gujral, L Capital Asia's regional managing director.

The firm, backed by the largest luxury-goods maker, is also looking for potential tourism and hospitality deals in countries such as Thailand and Vietnam.

"South-east Asia has all the characteristics of a developed market like a strong regulatory framework, but at the same time, it also has a fast-growing middle class," Mr Gujral said in an interview i…