L Catterton Takes Stake in Haldiram's in Strategic Partnership to Accelerate Global Expansion

Overview

• L Catterton said it invested in Haldiram's and acquired a stake as part of a new partnership with the Indian snacks and foods leader.
• Financial terms were not disclosed, including the investment amount, valuation, or the size of the stake.
• The firms outlined initiatives spanning brand building, new product development, supply-chain and distribution upgrades, geographic expansion, and talent development.
• Sanjiv Mehta, former Hindustan Unilever chief and now L Catterton India's executive chairman, will help steer Haldiram's internationalisation efforts.
• The transaction follows 2025 stake sales to Temasek, Alpha Wave Global, and IHC that industry sources previously valued near $10 billion.