TLDR:
- Former HUL chief Sanjiv Mehta partners with L Catterton for India-focused joint venture
- L Catterton to form an India venture with Mehta as the Executive Chairman
In a strategic move, former Hindustan Unilever Limited (HUL) chief, Sanjiv Mehta, has joined hands with global consumer-focused investment firm L Catterton to form an India-focused joint venture. Mehta, who brings with him 32 years of experience at Unilever, will serve as the Executive Chairman of the India venture starting from April 4, 2024. This collaboration is seen as a significant initiative for L Catterton’s Asia platform and their global presence.
L Catterton, managing nearly $35 billion of equity capital, aims to capitalize on India’s growing consumer market and high GDP growth. With Mehta’s expertise and insights, along with the firm’s global network and capabilities, the joint venture is expected to create compelling opportunities for investors. The partnership comes at a time when Asia is projected to drive more than half of the world’s GDP growth, fueled by young, technologically enabled, and dynamic consumers.
Overall, the collaboration between Sanjiv Mehta and L Catterton signifies a strategic move to tap into India’s growing consumer market and leverage the expertise of both parties to create value for investors in the region and globally. With Mehta’s vast experience and L Catterton’s strong presence in the investment landscape, the joint venture is poised for success in the dynamic and evolving Indian market.
