L Catterton to invest $150m in Despegar.

L Catterton, a private equity firm, agreed to invest $150m in Despegar, an online travel agency. "As the leading online travel agency in Latin America with strong brand recognition, Despegar has significant potential to continue driving growth in a highly attractive market. We believe Despegar is well positioned to succeed over the long term as the travel industry recovers. We look forward to partnering with the Company's talented team to expand Despegar's regional leadership and capture additional value through both operational and strategic initiatives," Dirk Donath, L Catterton Managing Partner.