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New Deal


Announced

Completed

L Catterton completed the investment in Enova Pet.

Financials

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Transaction Value-
Consideration TypeCash
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Capital Bid For-
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Tags

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pet food

China

Minority

animals

Food Products

Single Bidder

Private

Acquisition

Private Equity

Completed

Cross Border

Friendly

Synopsis

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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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