L Catterton partners with Haldiram, acquires stake in snacks major

L Catterton, a leading global consumer-focused investment firm, on Thursday said it has entered into a strategic partnership with Haldiram and acquired a stake in the country’s leading snacks and food brand.

L Catterton, which manages approximately USD 39 billion in equity capital, has not mentioned any details about investment or valuation at which it



has acquired the stake. The firm only said, “It has entered into a strategic partnership with, and invested in, Haldiram”.

“The collaboration aims to fortify Haldiram’s market leadership in the country and accelerate its international expansion on the back of its robust fundamentals, brand equity, and growth potential,” said L Catterton’s statement.