L Catterton appoints European operating partner – Exclusive

After appointing its first London head in September, the firm has added a corporate veteran to its bench.

Consumer sector-oriented private equity firm L Catterton has appointed Christian Mariager to lead its European operating team, Private Equity International has learned.

Mariager will work from L Catterton's Paris, London, and Milan offices, its three main offices in Europe. 

Mariager, whose appointment is effective immediately, has served as chief executive officer of Danish specialty retailer Flying Tiger since 2013. The business is a portfolio company of Swedish private equity powerhouse EQT.

Prior to Flying Tiger, Mariager spent 23 years at McKinsey & Co., during which time he was based in Tokyo, Copenhagen, and from 2003-2012 in New York, where he was a senior partner and led the firm's global consumer strategy practice.

Mariager has also served as a Member of the Board of Directors for a number of companies including Matas, Comitel, M. Goldschmidt Holding, SDS, Imerco, and Brunata.

In a statement, L Catterton Europe managing partner Andrea Ottaviano said Mariager's appointment “further strengthens our leadership team as we continue to focus on the growth and long-term success of L Catterton Europe”.

“Throughout his career, Christian has demonstrated strong leadership and strategic and operational expertise, both within and outside of the private equity industry,” said J. Michael Chu, global co-CEO of L Catterton.

“He is an excellent addition to the L Catterton team and will bring great value to our operations in Europe and globally as we expand and grow our footprint around the world.”

Last month L Catterton appointed Jean-Philippe Barade as partner and head of its London office, a newly created position, as reported by PEI .

Barade was most recently a co-founding partner at London-based B&B Investment Partners, which focuses on growth investment opportunities in consumer and healthcare, and is sponsored by Walgreens Boots Alliance. He was also a managing director and partner at Morgan Stanley Private Equity and a principal in Permira Advisers' consumer, retail, and leisure team.

L Catterton Europe managing partner Philippe Franchet said in a statement that L Catterton continues to “extend our leadership” and looks to grow its European franchise.

Barade's appointment followed news that a former L Catterton managing director, Mark Grabowski, left the firm and officially joined TPG Growth on 6 September as a consumer sector-focused partner, as reported by PEI .

Greenwich-based L Catterton was formed when Catterton merged with LCapital, a firm backed by luxury retailer LVMH and family office Groupe Arnault, in January 2016. It manages a total of $13 billion in assets, and has 30 operating professionals globally.