L Catterton to invest $181m in PHC Holdings.

L Catterton, the largest global consumer-focused private equity firm, agreed to invest $181m in PHC Holdings, a premier global diversified healthcare company. "We are excited to join such a renowned group of shareholders at PHCHD to help build an innovative, global healthcare solutions company. The healthcare industry, and medical devices in particular, are rapidly shifting from a scientific and engineering orientation towards greater consumer-centricity. This positions L Catterton to leverage our deep insights and play a valuable role in the development of PHCHD's future businesses, particularly in the US and Asia. We look forward to supporting and working closely with PHCHD's deeply experienced management team in these areas," Chinta Bhagat, L Catterton Managing Partner.