MUMBAI: Backed by French luxurious model LVMH, international funding agency L Catterton on Thursday mentioned that its Asia platform has fashioned a brand new India consumer-focused three way partnership partnership with former Hindustan Unilever CEO Sanjiv Mehta to develop a brand new funding automobile.
Mehta will function its govt chairman of India, efficient April 4, 2024. He may also be concerned with L Catterton Asia (LCA) and the agency’s different international fund platforms extra broadly, the place Mehta’s abilities and insights could be leveraged.
The new funding automobile might not be structured as a fund, however may very well be formed as an funding platform and the technique may very well be to companion with different India fund managers and spend money on Indian corporations, sources conscious of the event mentioned. The automobile will scout for investments in native shopper corporations, conserving in line with the broader international technique and make investments within the vary of $25-150 million, they mentioned.
The automobile and LCA could contemplate joint investments the place the chance arises, too. “So far, L Catterton’s investments into India have been through the Asia fund. With this vehicle, they are looking at building a dedicated India-focused investment platform,” sources mentioned. L Catterton’s funds handle $34 billion price of property globally and have revamped 250 investments in main shopper manufacturers throughout segments.
L Catterton can faucet into Mehta’s huge expertise in driving shopper companies to construct its India technique. Under his watch, HUL’s market cap elevated fivefold to the touch Rs 6.2 trillion – making it India’s fifth-largest public firm by market cap and the nation’s largest fast-paced shopper items firm.
Mehta will function its govt chairman of India, efficient April 4, 2024. He may also be concerned with L Catterton Asia (LCA) and the agency’s different international fund platforms extra broadly, the place Mehta’s abilities and insights could be leveraged.
The new funding automobile might not be structured as a fund, however may very well be formed as an funding platform and the technique may very well be to companion with different India fund managers and spend money on Indian corporations, sources conscious of the event mentioned. The automobile will scout for investments in native shopper corporations, conserving in line with the broader international technique and make investments within the vary of $25-150 million, they mentioned.
The automobile and LCA could contemplate joint investments the place the chance arises, too. “So far, L Catterton’s investments into India have been through the Asia fund. With this vehicle, they are looking at building a dedicated India-focused investment platform,” sources mentioned. L Catterton’s funds handle $34 billion price of property globally and have revamped 250 investments in main shopper manufacturers throughout segments.
L Catterton can faucet into Mehta’s huge expertise in driving shopper companies to construct its India technique. Under his watch, HUL’s market cap elevated fivefold to the touch Rs 6.2 trillion – making it India’s fifth-largest public firm by market cap and the nation’s largest fast-paced shopper items firm.
