L Catterton’s India-centric consumer fund marks first close at $200 Mn

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L Catterton’s India-focussed consumer fund has marked its first close at $200 million (about Rs 1,760 crore). 

The investment vehicle, L Catterton India Fund (Fund I or the Fund), was launched by L Catterton Asia and former Hindustan Unilever Ltd executive Sanjiv Mehta last year to invest in mid-market consumer businesses in India. 

According to an ET report, citing sources, the private equity fund has a target of raising $400 million, with an additional greenshoe option of $200 million.

The PE fund is said to have received commitments from World…



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L Catterton’s India-centric consumer fund marks first close at $200 Mn


L Catterton’s India-focussed consumer fund has marked its first close at $200 million (about Rs 1,760 crore). 

The investment vehicle, L Catterton India Fund (Fund I or the Fund), was launched by L Catterton Asia and former Hindustan Unilever Ltd executive Sanjiv Mehta last year to invest in mid-market consumer businesses in India. 

According to an ET report, citing sources, the private equity fund has a target of raising $400 million, with an additional greenshoe option of $200 million.

The PE fund is said to have received commitments from World…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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