Luxury goods company LVMH has joined Groupe Arnault and Catterton, two firms it already backs, to set up a private equity firm focused on the consumer sector.
France-based luxury goods producer LVMH joined forces with buyout firm Catterton and investment firm Groupe Arnault, both already backed by LVMH, yesterday to launch a consumer-focused private equity firm.
The firm, dubbed L Catterton, will combine the activities of Catterton, which is active in North and Latin America, with LVMH and Groupe Arnault’s European and Asian investment operations, currently conducted under the L Capital and L Real Estate banners.
L Catterton is expected to begin operations in early 2016, subject…
