L Catterton collaborates with Sanjiv Mehta; establishes LCA

 L Catterton, a global consumer-focused investment firm, is expanding its presence in Asia with the establishment of L Catterton Asia (LCA) and the formation of a new joint venture focused on the Indian consumer market. The firm is collaborating with industry leader Sanjiv Mehta, former President of Unilever South Asia and Chairman/CEO of Hindustan Unilever (HUL), to create a dedicated investment platform for India. Mehta will assume the role of Executive Chairman for India, effective April 4, 2024, and will also contribute his expertise to LCA and other global fund platforms.

With over three decades of experience at Unilever, Sanjiv Mehta is a seasoned consumer-focused executive renowned for his global operational expertise. During his tenure as President of HUL from 2013 to June 2023, he led the company to achieve remarkable growth, witnessing a fivefold increase in market capitalization to INR 6.2 trillion (approximately USD 76 billion). This accomplishment solidified HUL's position as India's fifth-largest public company by market capitalization and the country's largest FMCG company. Mehta's leadership at Unilever also included various senior roles, where he contributed to shaping industry best practices.

Beyond his corporate achievements, Mehta has been instrumental in fostering growth and innovation within the Indian corporate sector. His new role in partnership with L Catterton is poised to act as a catalyst for further growth, offering a wealth of opportunities for Indian entrepreneurs and businesses.