Deals
LVMH-Backed L Catterton Weighs Selling Stake in Saudi Arabia's Bateel
- Investment firm working with UBS to find buyers for stake
- Al Sudairy family may also sell part of its stake in Bateel
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L Catterton, the private equity firm backed by luxury French fashion house LVMH, is looking to sell its stake in Saudi Arabian gourmet food producer and restaurant chain Bateel, according to people familiar with the matter.
The investment firm is working with UBS Group AG on the sale, the people said asking not to be identified as the information is private. L Catterton, which invested in Bateel in 2015 to support an international expansion plan, is seeking to sell its entire holding of about 20%, according to one of the people.