German shoe manufacturer Birkenstock to sell minority stake to L Catterton and Financière Agache

German shoe manufacturer Birkenstock to sell minority stake to L Catterton and Financière Agache

Birkenstock, a German shoe manufacturer, has agreed to sell a majority stake to private equity firm L Catterton and its affiliates including Financière Agache. Financière Agache is the family investment company of billionaire Bernard Arnault, who is the chairman and chief executive of French luxury conglomerate LVMH Moët Hennessy – Louis Vuitton. The financial terms of the […]

Reliance bags $850m investment for Jio Platforms from TPG and L Catterton

Reliance bags $850m investment for Jio Platforms from TPG and L Catterton

Reliance Industries has bagged two more investments for its digital services platform Jio Platforms, totaling about INR 64 billion ($850 million) in separate deals with global alternative asset firm TPG and L Catterton, a consumer-focused private equity firm. TPG has agreed to invest INR 45.46 billion ($600 million) in Jio Platforms for a stake of […]