Catterton, a consumer-focused private equity firm, LVMH, and Groupe Arnault, the family holding company of Bernard Arnault, have teamed up to create L Catterton.
The new partnership, whose underlying transaction is expected to close early in 2016, subject to customary regulatory and certain investor approvals, will combine Catterton’s existing North American and Latin American private equity operations with LVMH and Groupe Arnault’s existing European and Asian private equity and real estate operations, currently conducted under the L Capital and L Real Estate franchises.
Headquartered in Greenwich, CT and London, with regional offices across Europe, Asia and Latin America, L Catterton will be led by Global Co-CEOs J. Michael Chu and Scott A. Dahnke, currently Managing Partners at Catterton. The firm will be 60% owned by the partners of L Catterton and 40% jointly owned by LVMH and Groupe Arnault.
L Catterton will become a global consumer-focused investment firm with six distinct and complementary fund strategies focusing on consumer buyout and growth investments across North America, Europe, Asia and Latin America, in addition to prime commercial real estate globally.
Each fund will continue to be managed by its own dedicated team in their respective locations across Europe, Asia and the Americas.