L Catterton Asia Launches India focused Consumer Venture with Sanjiv Mehta

LVMH-affiliated Private Equity Firm L Catterton Asia Establishes New India Consumer-Focused Venture with Sanjiv Mehta

Mumb, March 28, 2024 In a move to bolster its commitment to the burgeoning Indian consumer market, L Catterton LC, one of the world's largest private equity firms dedicated to investments in the global consumer sector, has partnered with Sanjiv Mehta to form a new India-focused joint venture. Effective April 4th, Mr. Mehta will assume the role of Executive Chrman for India and join LC's Asia team.

Mr. Mehta, a seasoned executive with more than three decades of leadership experience at Unilever PLC Group, notably served as President of Unilever South Asia and CEO Managing Director of Hindustan Unilever Limited HUL from 2013 to June 2023. Under his stewardship, HUL's market capitalization grew fivefold to INR 6.2 trillion $76 billion, making it India's fifth-largest public company and the nation's leading fast-moving consumer goods FMCG corporation.

I am delighted to join L Catterton's India team as they deepen their commitment to this dynamic market, sd Mr. Mehta. I admire the firm's approach, which is characterized by disciplined investing backed by strong core values and a collaborative culture. With its global reach, deep expertise in consumer sectors, familiarity with India through strategic partnerships like LVMH and the Arnault family office, LC is well-positioned for success.

With India's fast-growing economy and significant population base, it presents immense opportunities to invest in businesses that will shape the industry, sd LC Global Co-CEO Michael Chu. Partnering with Sanjiv brings together our global capabilities with his deep insights into consumer needs and preferences, enhancing our strategic investment approach.

This is a pivotal initiative for L Catterton Asia's commitment towards India and indeed its broader strategy in the Asia-Pacific region, noted Scott Chen, Managing Partner at LC Asia. The region is expected to contribute significantly to global GDP growth over this decade, driven by technology-savvy consumers with diverse demands. This collaboration allows us to combine LC's extensive experience with Sanjiv's industry knowledge and operational expertise.

Anjana Sasidharan, LC Asia Partner and Head of India, echoed Chen's sentiments: The increasing consumer demand across sectors presents numerous opportunities for investment in innovative brands that cater to the evolving tastes of consumers. Sanjiv's background at Hindustan Unilever, which serves 90 of Indian households with leading products and services, is invaluable as we expand our footprint and portfolio in India and Asia.

Sanjiv Mehta, a senior figure in the consumer industry, brings extensive experience from his tenure at Unilever. He served on Danone's Board of Directors, held positions at r India Limited and Dr. Reddy's Laboratories, and was President Commissioner for Unilever Indonesia PT. As part of Unilever's global executive management team until 2023, he held various other key leadership roles in South Asia, the Middle East, and Africa.

L Catterton is renowned for its market-leading consumer-focused investments totaling approximately $35 billion in capital deployed across three platforms: private equity, credit, and real estate. The firm's global team of over 200 investment professionals, operating from 17 offices worldwide, collaborates with management tea drive growth through differentiated value creation strategies.

Founding in 1989, L Catterton has made over 275 investments in leading global consumer brands.

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Julie Hamilton U.S.

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Bob Ong Asia

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Jinal Parekh Adfactors PR, for LC in India

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