L Catterton, former Hindustan Uniliver CEO announce JV in India
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L Catterton's Asia division, a private equity firm specializing in consumer-focused investments, is partnering with former Hindustan Unilever (HUL) CEO, Sanjiv Mehta. The joint venture aims to increase investment in India, the world's fastest-growing economy. "With India now having the world's largest population and generating high GDP growth, there has never been a better time to deepen our commitment to the market," said Michael Chu, global co-CEO of L Catterton.