L Catterton's Sanjay Gujral rejoins Everstone as COO

Gujral will be based in Singapore, splitting his time between Singapore and India, according to a statement. He takes over from Sanjoy Chatterjee, who was named global head of business development and president of Everstone's North American operations earlier this year. Chatterjee will relocate to the firm's New York office.

Chatterjee's move is part of a wider reorganization of Everstone's global fundraising operation, which includes the appointment of business development heads for the Americas, Europe, and the Middle East and Asia Pacific. The GP announced the reorganization following the departure of managing director Atul Phull, who left to pursue entrepreneurial opportunities in June.

Gujral has been with L Catterton for more than seven years. He joined the firm - then known as L Capital Asia - in 2011 as managing director for India and was promoted to regional managing director the following year. Before that he spent five years at Everstone, following 11 years in corporate finance.

L Capital merged with US consumer buyout firm Catterton in 2016, forming L Catterton. The GP is in the process of raising its third Asia fund, which has a target of $1.25 billion. The previous vehicle closed in 2013 at $1 billion.

Everstone currently has assets under management of about $4 billion and is investing its third fund, which closed in 2015 at $730 million. It has offices in Singapore, Mauritius, London, and New York, in addition to three offices in India. The firm pursues control and growth capital deals for Indian and overseas businesses that benefit from rising Indian domestic consumption.

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