L Catterton
L Catterton backs beauty industry biotech supplier
L Catterton has led a CNY 200m (USD 27m) Series B round for Trautec, a China-based biotech start-up that develops synthetic proteins used in beauty and healthcare products.
Investors bullish on China consumer - AVCJ Forum
China’s consumer sector is poised for one of its most lucrative vintages with investors able to take advantage of falling valuations, the AVCJ Private Equity & Venture Forum China 2023 heard.
L Catterton enters Japan's veterinary services space
L Catterton’s interest in Asian pet food and services has stretched from China to India and now Japan with a commitment of undisclosed size to Withmal, a Japanese veterinary services group.
L Catterton exits Australia’s Seafolly
L Catterton Asia has sold Australian swimwear brand Seafolly to an unidentified Asian strategic buyer in a deal that values the company at AUD 70m (USD 46m).
Creature comforts: Why PE likes pet care
Private equity investors have long championed the resilient characteristics of pet care globally. The pandemic helped solidify a similar value proposition in Asia
Deal focus: L Catterton sees value in the Drools recipe
Indian pet food producer Drools is the runaway leader among local brands, trailing only multinational mainstay Mars. The challenge for L Catterton was persuading a profitable company to take its money
L Catterton extends pet food focus to India
L Catterton’s interest in Asia-based pet food businesses has extended from China to India with a commitment of approximately USD 60m to Drools Pet Food, which claims to be the country’s leading local pet food supplier.
Japan buyouts: Bucking the trend
Japan remains a private equity hotspot despite muted buyout activity elsewhere in Asia. Take-private and sponsor-to-sponsor opportunities make for a more textured local market
L Catterton re-ups in Australian kombucha brand
Remedy Drinks, an Australia-based healthy beverage brand, has raised a Series B round from existing investors L Catterton and Kin Group.
AVCJ Awards 2022: Operational Value-add: Owndays
L Catterton’s investment in Japanese eyewear brand Owndays demonstrated a hands-on approach to sharing commercial networks, expertise in omnichannel scaling, and operating capabilities
L Catterton makes second China pet food investment
L Catterton has made its second China pet food investment in 12 months with a commitment of undisclosed size to Partner Pet, a leading domestic player in the premium freeze-dried pet food space.
L Catterton Asia SPAC to merge with Geely-owned Lotus EV unit
A US-listed special purpose acquisition company (SPAC) launched by L Catterton Asia has agreed to merge with Lotus Technology, an electric vehicle (EV) unit under the Lotus luxury car brand owned by Chinese automaker Geely Holding.
Deal focus: L Catterton hitches a ride with Tenways
Electric bicycle brand Tenways has built its business on European design capabilities and Asian manufacturing smarts. L Catterton is backing the two-year-old company to become a global leader
L Catterton joins round for e-bike player Tenways
Tenways, an electric bicycle manufacturer headquartered in the Netherlands with a strong supply chain in Asia, has raised CNY 300m (USD 44m) in Series A funding, including an extension led by L Catterton.
2023 preview: China macro
Private equity is eager to re-engage with China as a sudden post-pandemic re-opening reminds investors focused on the country to expect the unexpected. A weak global picture could spoil the party
One size does not fit all in Asia value creation – AVCJ Forum
Replacing portfolio company CEOs is not part of buyout firms’ value creation playbook in emerging markets, the AVCJ Private Equity & Venture Forum heard.
L Catterton hits first close on debut renminbi fund
L Catterton, a global private equity firm dedicated to consumer-focused investments, has reached a first close on its debut renminbi-denominated fund. The overall target is CNY 2bn (USD 275m).
Korea's Gentle Monster backs China AR player Nreal
Nreal, a Chinese manufacturer of augmented reality (AR) glasses that resemble normal sunglasses, has received USD15m from South Korean eyewear brand Gentle Monster.
China luxury goods player Secoo gets private equity bailout
Secoo Holding, a US-listed Chinese luxury goods retailer that has seen its stock price fall by 95% since the start of 2020 and has filed for bankruptcy twice in the past eight months, has received USD 4m in funding.
L Catterton seals $360m Asia strip sale
A Hamilton Lane-led consortium has agreed to support a USD 360m continuation fund comprising structured minority interests in investments held by consumer sector specialist L Catterton’s third Asian fund.
L Catterton leads Series D for India beauty player Sugar Cosmetics
L Catterton has entered India’s highly competitive beauty and personal care space, throwing its support behind Sugar Cosmetics, which claims to be one of the country’s leading omnichannel players.