L Catterton Asia Acquisition, a blank check company led by L Catterton Asia executives targeting consumer technology, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by Co-CEOs and Directors Chinta Bhagat and Scott Chen, who both serve as Managing Partners at L Catterton Asia, as well as CEO and CIO, respectively. The company plans to target high-growth, consumer technology sectors across Asia.
L Catterton Asia Acquisition plans to list on the Nasdaq under the symbol LCAAU. Credit Suisse acted as a lead manager on the deal.
