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Announced

Completed

LVMH Luxury Ventures, Ragnar Crossover Fund and More Investments led a $90m investment in LUSIX.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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lab-grown diamonds

Private

Cross Border

Israel

Completed

Minority

Venture Capital

Private Equity

Diamonds and Gemstones

Friendly

Acquisition

Synopsis

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LVMH Luxury Ventures, a venture arm of LVMH, Ragnar Crossover Fund, a pre-IPO fund, and More Investments, a public investment house, led a $90m investment in LUSIX, a producer of lab-grown diamonds. “We are thrilled and proud to welcome such high-profile investors, most notably LVMH Luxury Ventures, bringing their financial support and valuable industry insights. Their help will contribute greatly to our company’s success while the implications of this investment, both for LUSIX and for the lab-grown diamond segment, are profound – and so exciting!” Benny Landa, LUSIX Founder and Chairman.

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