LVMH-backed firm hunts for Japan consumer brands with $315m fund

L Catterton eyes acquisitions in cosmetics, food as M&A deals soar

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Luxury goods group LVMH is part owner of consumer-focused investment firm L Catterton. © Reuters

HARUKI KITAGAWA

TOKYO -- A private equity firm backed by the world's top luxury group, LVMH, has set up its first Japan buyout fund, following similar moves by other big asset managers.

U.S.-based L Catterton's 45 billion yen ($315 million) fund drew capital from foreign institutional investors as well as Japanese insurance and pension money.

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