L Catterton, backed by Lvmh and Bernard Arnault’s family holding company, has teamed up with Sanjiv Mehta, the former CEO of Unilever’s Indian subsidiary, to invest in consumer companies on the peninsula.
Towards India, the world’s most populous country.
L Catterton, the investment fund backed by Lvmh and Bernard Arnault’s family holding company, has announced the creation of a joint venture between its subsidiary L Catterton Asia (LCA) and businessman Sanjiv Mehta, former CEO of Hindustan Unilever Limited (HUL).
This new investment vehicle will support Indian companies operating in the consumer sector, and will draw on L Catterton’s global presence and investments in the consumer sector, as well as the support of LVMH.
“India currently has the largest population in the world and this is generating significant GDP growth. There has never been a better time to support our commitment to this market,” emphasized Michael Chu, co-CEO of L-Catterton.
Start-ups and more mature companies
The amount of the investment in the new fund has not been disclosed. However, according to Mint, the fund is expected to take minority or majority stakes in companies of all sizes, from start-ups to more mature companies. Equity investments could range from $25 million to $150 million.
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