LVMH's PE, real estate arms to merge with Catterton

Singapore

LVMH Moet Hennessy Louis Vuitton SE, the world's largest luxury goods maker, is combining its private equity (PE) and real estate investment units with US private equity firm Catterton to form the world's largest global consumer-focused investment firm.

The combined company, L Catterton, will be 60 per cent owned by the partners of the new firm with the remainder held by LVMH and Groupe Arnault, the family holding company of LVMH chairman and CEO Bernard Arnault.