Overview
In a landmark partnership, LVMH, the global leader in high-quality luxury products, Groupe Arnault, the family holding company of Bernard Arnault, and Catterton, the leading consumer-focused private equity firm, have announced the agreement to create L Catterton, combining Catterton's 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 managed by the L Capital and L Real Estate entities. The strategic partnership will create the largest consumer-focused investment firm in the world with more than 120 investment and operating professionals in 17 offices and across five continents.
The transaction, expected to close early in 2016, will position L Catterton with a global network and industry expertise second to none, allowing access to consumer businesses in all major markets. Barack Ferrazzano served as primary counsel to LVMH and Groupe Arnault in the transaction led by partners Peter J. Barack and Andrew R. Grossmann, along with Jeremy R. Heckman and Megan Riley.
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