L Catterton Invests $150M in Despegar.com

L Catterton-Led Consortium Invests $800M in Flexjet

July 21, 2025

Transportation

Flexjet closed an $800 million equity investment led by consumer-focused private equity firm L Catterton, with participation from affiliates of KSL Capital Partners and the J. Safra Group. The capital will support fleet modernization, expansion of private terminals and in-house maintenance capabilities, and broader luxury service enhancements while management and existing shareholders remain in control.

L Catterton Invests in Dragonfly

March 2, 2022

Consumer Products

L Catterton's Flagship Buyout Fund made a significant proprietary growth investment in Dragonfly, a technology-enabled platform that acquires and scales e-commerce brands. Inclusive of L Catterton's investment, Dragonfly has raised over $500 million of incremental equity and debt to fund future growth and M&A, enabling acceleration of its acquisition and brand-building strategy.

Prosus Acquires Despegar for $19.50 Per Share

May 15, 2025

Consumer Products

Prosus has completed its acquisition of Despegar at a purchase price of $19.50 per share, following approval by Despegar's board and shareholders and receipt of required regulatory clearances. The deal brings Latin America's leading online travel agency into Prosus's digital lifestyle ecosystem to accelerate growth, AI capabilities and cross-platform opportunities across food delivery, classifieds, travel, experiences and fintech in the region.

L Catterton Makes Strategic Growth Investment in Petlove

June 18, 2020

E-Commerce

L Catterton's Latin America fund made a significant strategic growth investment in Petlove, Brazil's largest online pet retailer, to accelerate the company's technological advancement, omni-channel expansion and growth initiatives. The investment will see L Catterton partner with founder Marcio Waldman and existing investors (SoftBank, Tarpon, Monashees) to broaden Petlove's offerings, support offline-to-online adoption across Brazil, and expand services for veterinarians and pet shops.

Despegar Completes Acquisition of Viajanet (TVLX Viagens e Turismo S.A)

June 8, 2022

Transportation

Despegar.com, Corp. has completed its previously announced acquisition of 100% of TVLX Viagens e Turismo S.A. (Viajanet) for approximately US$15.5 million, with payments staged between closing and June 2025 and subject to customary post-closing adjustments. The deal expands Despegar’s travel portfolio in Brazil by adding one of the country’s leading online travel agencies.

L Catterton Latin America Takes Minority Stake in Crediclub

February 19, 2022

Financial Services

L Catterton Latin America has agreed to acquire a significant minority stake in Crediclub, a Mexican digital lender and savings/investment platform, providing growth capital to expand product offerings, customer acquisition, and technology capabilities. The investment will support Crediclub’s mission to increase financial inclusion across Mexico and is expected to close subject to regulatory approvals.