Bernard Arnault’s Firm Leads $800 Million Investment in Flexjet

L Catterton, the private equity firm backed by French billionaire Bernard Arnault, led a $800 million equity investment in Flexjet, as demand for private jet travel around the world continues to surge.

Flexjet, the world’s second-largest private jet company, said the investment by L Catterton will bolster its strength in the luxury market and allow it to offer more bespoke experiences and curated events that are exclusive to its customers. Affiliates of KSL Capital Partners and the J. Safra Group also participated in the funding round, Flexjet said in a statement.

Demand for private jet travel surged during ...