Pursuits
LVMH to Combine Private Equity Unit L Capital With Catterton
- L Catteron expects to grow assets under management to $12b
- New firm will have offices in U.S., U.K., Europe, Asia, LatAm
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LVMH Moet Hennessy Louis Vuitton SE, the French luxury goods maker, is combining its private equity and real estate investment units with consumer-focused private equity firm Catterton.
The combined company, to be called L Catterton, will be 60 percent owned by the partners of the new firm with the remainder held by LVMH and Groupe Arnault, the family holding company of LVMH Chairman and Chief Executive Officer Bernard Arnault, according to a statement from the companies.