Venture Intelligence (TSJ Media Pvt. Ltd.)
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Hamilton Lane to acquire secondary shares in L Catterton Asia portfolio cos
L Catterton is to sell USD 360 million worth of stakes in select portfolio companies of the firm's third Asia-focused fund to a "Continuation Vehicle" promoted by Nasdaq-listed investment firm Hamilton Lane. The transaction generates immediate proceeds for the fund's existing limited partners and also additional capital for redeployment by L Catterton's Asia team into new investments. The portfolio being sold as part of the deal includes investments in beauty and personal care, consumer services, health and wellness, pet care, as well as specialty food and beverage categories, among others. UBS Investment Bank advised L Catterton on the transaction.
From the Venture Intelligence PE-VC Deal Database: The India portfolio of L Catterton Asia (formerly L Capital Asia) includes Sugar Cosmetics (May-2022 investment); Jio Platforms (May-2020); Future Lifestyle Fashions (May-2018) and Impresario Entertainment & Hospitality (Dec-2017).
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.