L Catterton Taps Barclays, UniCredit for Kiko Deal Financing

Banks including Barclays Plc and UniCredit SpA are lining up €500 million ($538 million) in debt financing to back L Catterton’s purchase of a majority stake in Italian beauty brand Kiko, according to people familiar with the matter.

Private equity fund L Catterton is backed by luxury giant LVMH Moet Hennessy Louis Vuitton SE, and recently entered into a definitive deal with the Percassi family, the founders of Kiko, to buy a stake in the company. The family will retain a significant stake in the business.