L Catterton Invests in Rapsodia (Latin America)
Source(s): L Catterton
Global consumer-focused private equity firm L Catterton has invested in Argentina-based women’s apparel company Rapsodia through L Catterton Latin America II. The company operates 90 stores across Argentina, Mexico, Chile, Uruguay, Colombia and Paraguay. With the support of L Catterton and existing shareholder Grupo de Narváez, Rapsodia plans to expand its brand across Latin America and globally. Financial details of the transaction, which is subject to the completion of certain closing conditions, were not disclosed.