AZB & Partners advised L Catterton on fundraising
The deal was worth Rs.3882 million
By : Legal Era
Update: 2022-06-13 04:30 GMT
AZB & Partners advised L Catterton on fundraising
The deal was worth Rs.3882 million
AZB & Partners has advised L Catterton, the largest global consumer-focused equity firm on the acquisition of an equity stake, through its subsidiary LCA Celestial Pte Ltd (along with other investors), in Velvette Lifestyles Private Limited in the Series D fundraising round.
Velvette Lifestyles is engaged in the business of manufacturing and sale of beauty and cosmetic products under its primary brand Velvette and its sub-brands Sugar, Sugar Pop, and Quench Botanics.
Sugar, popular among Gen Z and millennials, aims to further capitalize on its growth momentum in the rapidly increasing beauty and personal care market.
The M&A Private Equity team of AZB & Partners comprised Partner Sachin Mehta and Senior Associate Harshit Chandra.