MUMBAI: Backed by French luxurious model LVMH, world funding agency L Catterton on Thursday mentioned that its Asia platform has shaped a brand new India consumer-focused three way partnership partnership with former Hindustan Unilever CEO Sanjiv Mehta to develop a brand new funding car.
Mehta will function its government chairman of India, efficient April 4, 2024. He may even be concerned with L Catterton Asia (LCA) and the agency’s different world fund platforms extra broadly, the place Mehta’s expertise and insights could be leveraged.
The brand new funding car is probably not structured as a fund, however could possibly be formed as an funding platform and the technique could possibly be to accomplice with different India fund managers and spend money on Indian firms, sources conscious of the event mentioned. The car will scout for investments in native shopper firms, retaining consistent with the broader world technique and make investments within the vary of $25-150 million, they mentioned.
The car and LCA might contemplate joint investments the place the chance arises, too. “Up to now, L Catterton’s investments into India have been by way of the Asia fund. With this car, they’re constructing a devoted India-focused funding platform,” sources mentioned. L Catterton’s funds handle $34 billion value of belongings 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. Underneath 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 government chairman of India, efficient April 4, 2024. He may even be concerned with L Catterton Asia (LCA) and the agency’s different world fund platforms extra broadly, the place Mehta’s expertise and insights could be leveraged.
The brand new funding car is probably not structured as a fund, however could possibly be formed as an funding platform and the technique could possibly be to accomplice with different India fund managers and spend money on Indian firms, sources conscious of the event mentioned. The car will scout for investments in native shopper firms, retaining consistent with the broader world technique and make investments within the vary of $25-150 million, they mentioned.
The car and LCA might contemplate joint investments the place the chance arises, too. “Up to now, L Catterton’s investments into India have been by way of the Asia fund. With this car, they’re constructing a devoted India-focused funding platform,” sources mentioned. L Catterton’s funds handle $34 billion value of belongings 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. Underneath 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.
