L Catterton enters India pet-food market with Drools investment
L Catterton has acquired a minority stake in Indian pet food Drools Pet Food Private Limited in a deal worth around $60m.
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L Catterton has acquired a minority stake in Indian pet food Drools Pet Food Private Limited in a deal worth around $60m.
It was owned by Quadrant for two years from 2015, before being sold to a group comprising Hosen, Temasek and New Hope Group.
Last year, L Catterton made its first bet on the Chinese pet food sector with an investment in Enova.
Partner Pet has become the second pet-food investment in China for L Catterton following a cash injection to Shanghai Enova Products.
/PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has invested in Partner Pet, the top domestic premium...