According to the IFC, the proposed transaction is an equity investment of up to US$60 million, up to 20 percent of the Fund’s total commitments, and US$30 million available as a co-investment envelope in L Catterton Latin America Fund IV, L.P., a growth equity fund targeting US$700 million in commitments to make mid-market investments in consumer-focused companies in Latin America. The Fund will make 9-11 investments, providing equity tickets between US$45-75 million through significant minority and select control investments. The strategy is consumer-focused with a thematic top-down investment approach to selecting sub-sectors geared towards generating returns through all cycles. The Fund will target leading consumer companies within specialty retail, services, food & beverage, healthcare, and education sub-sectors.
The IFC categorized the project as FI-2.
As stated by the IFC, the Fund is managed by L Catterton Management Company, LLC a Delaware-based limited liability company. LCLA’s Latin America PE team is comprised of 13 investment professionals based in their office in New York. The investment team is supported by a group of 4 senior advisors that are based in the region.
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