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Synopsis
L Catterton, a private equity firm, completed the investment in Enova Pet, a provider of food for pets. Financial terms were not disclosed. "Macro trends such as rising disposable incomes and the increasing humanization of pets provide favorable tailwinds for the premium pet food category in China. Enova is well positioned to benefit from these trends, given its strong research and development capabilities, superior product quality, as well as significant and expanding omnichannel presence. We look forward to partnering with Enova's experienced and proven management team to drive further growth," Scott Chen, L Catterton Asia Managing Partner.
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