L Catterton Quietly Becomes a Major Travel Investor
Skift reports that L Catterton's travel investment footprint keeps expanding. The firm led an $800 million investment in private aviation company Flexjet and backed river cruise operator AmaWaterways alongside co-investors with roughly $890 million; it had already invested in Despegar, Norwegian Cruise Line, OneSpaWorld and GetYourGuide. More recently it moved into live experiences through Fever and into hospitality via a new luxury hotel strategy. When Skift reported on the attempted sale of British luxury tour operator Audley Travel, L Catterton appeared as one of the final potential buyers, though the deal fell through. L Catterton manages about $40 billion and is one of the world's larg…