L Catterton, the private equity firm backed by French luxury fashion house LVMH Moet Hennessy Louis Vuitton, is planning to invest around ?50 billion ($313 million) in five Japanese consumer businesses over the next three years.
The Greenwich, Connecticut-based firm anticipates focusing on sectors from cosmetics to food, pet care and restaurants that it specializes in, Japan head Toshitaka Shimizu said in an interview. L Catterton has around ?50 billion in deal capacity with combined equity and debt financing, he said.
Japan¡¯s private equity market has been a standout winner in a region where dealmaking has slowed. Tapping its deep consumer expertise, L Catterton has focused most of its investments on private, family-run businesses with succession challenges or newer companies that need help expanding.
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