L Catterton Invests $150M in Despegar.com
August 21, 2020
L Catterton announced a $150 million private placement of non-convertible preferred stock plus warrants in Despegar.com, the leading online travel agency in Latin America. The minority growth investment is intended to support Despegar's regional leadership, operational improvements and strategic initiatives as travel recovers.
- Buyers
- L Catterton
- Targets
- Despegar.com
- Industry
- E-Commerce
- Location
- Buenos Aires, Argentina
- Transaction Type
- Growth capital
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