LVMH-Backed L Catterton Taps Barclays, UniCredit for Kiko Deal [BNN Bloomberg (Canada)]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: BNN Bloomberg
Private equity fund L Catterton is backed by luxury giant LVMH Moet Hennessy Louis Vuitton SE, and recently entered into a definitive deal with the Percassi family, the founders of Kiko, to buy a stake in the company. The family will retain a significant stake in the business. Other underwriters on the debt, which will be a bridge loan that will be replaced with a bond, include Deutsche Bank AG and Intesa Sanpaolo SpA, the people said, who asked not to be named discussing a private matter. Spokespeople for Barclays and UniCredit declined to comment. Spokespeople for Deutsche Bank, Intesa Sanpaolo and L Catterton did not immediately return requests for comment. Kiko, founded in 1997 by Antonio and Stefano Percassi, is a global cosmetic company with a retail network of 1,100 stores in 66 countries. The firm reported net revenue of about €800 million ($861 million) in 2023, a 20% increase versus the prior year, it said in a recent statement. L Catterton, backed by LVMH and the h
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