Consumer-focused private equity investor L Catterton has brought in Bain Capital partner Miray Topay as head of the firm’s London office.
Topay spent more than 11 years at Bain Capital, most recently co-leading its consumer investing efforts across Europe, working with portfolio companies to drive international growth.
Michael Chu, global co-CEO of L Catterton, said, “Europe plays an important role in our global strategy, and her extensive network, strong track record, and intimate understanding of the consumer investment landscape – both in Europe and globally – make Miray a remarkable addition to our team.”
Topay added, “As a passionate consumer investor and brand-builder, I am excited to join a firm in L Catterton that I have deep admiration for and which has an exceptional reputation as the investment partner of choice for industry-leading consumer businesses.”
L Catterton’s track record of investing in European consumer businesses include deals for Tod’s Group, the Italian luxury fashion house, KIKO Milano, one of the largest privately-owned colour cosmetics brands in the world, and AmaWaterways, the luxury river cruise line.
In March it emerged that L Catterton had pulled in more than $5bn so far towards its tenth flagship fundraise – equalling the size of its predecessor fund.
The firm was understood to be eyeing up to $6.5bn for L Catterton X on its launch in 2021 according to a WSJ report from the time, a 30% rise compared to Fund IX.
Earlier this year L Catterton revealed in a separate SEC filing that it had registered about $344m for its fourth Latin America fund – about halfway to its expected $700m total.
Last month PEI reported that L Catterton was out raising a trio of new investment funds targeting Asia, in a shake-up to its fund strategy in the region.
It said the firm is seeking up to $800m for a flagship pan-Asia fund, and is also raising a pair of country-specific funds in the region for the first time, targeting India and Japan.
L Catterton currently manages about $35bn of equity capital across private equity, credit and real estate.
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