L Catterton

L Catterton is an American private equity company based in Greenwich, Connecticut with over $20 billion of equity capital. It focuses on middle market companies and emerging high-growth enterprises. Since 1989, the firm has made more than 200 investments in brands across all segments of the consumer industry.[3]

L Catterton
TypePrivately held company
IndustryFinance
Founded1989 (1989)[1]
FounderJ. Michael Chu, Frank Vest
HeadquartersGreenwich, Connecticut, United States
Number of locations
17 offices globally
Key people
J. Michael Chu, Scott Dahnke
ProductsPrivate equity
Total assetsUS$ 20 billion[2]
Websitewww.lcatterton.com
Previous logo

History

Catterton was founded in 1989 as Catterton-Simon Partners by Frank Vest and J. Michael Chu, along with former U.S. Secretary of the Treasury William E. Simon. Simon, the chairman of private investment company, Wesray Capital Corporation, was a buyout investor in the early 1980s who led the acquisition of Gibson Greetings, a producer of greeting cards. This was followed by a buyout of Atlas Van Lines prior to the subsequent boom in leveraged buyouts.[4]

In January 2016, Catterton, LVMH, and Groupe Arnault, the family holding company of Bernard Arnault, partnered to create L Catterton.[5] The partnership combined Catterton's existing North American and Latin American private equity operations with L Capital, which was LVMH and Groupe Arnault's pre-existing European and Asian private equity and real estate operations. The merged firm is now called L Catterton and invests globally from six fund platforms: L Catterton Flagship Buyout, L Catterton North American Growth, L Catterton Latin America, L Catterton Europe, L Catterton Asia, and L Catterton Real Estate.[6] In May 2018, Private Equity International listed L Catterton as the 31st largest private equity firm in the world based on capital raised over the prior five years.[7] Looks for a Target EBITDA of $200 mm - $900 mm.

Investments

The firm has backed several notable investments, including Indian tech giant Jio Platform (0.34%), Ainsworth Pet Nutrition,[8] Peloton,[9] Nature’s Variety,[10] Zarbee’s,[11] Pinarello, Louis Vuitton, Moët, Hennessy, St. Marche Group,[12] SMCP (Sandro, Maje, Caludie Pierlot), Charles & Keith,[13] FabIndia,[14] Miami Design District[15] and G Six in Ginza, Tokyo.[16]

References
  1. Picker, Leslie (5 January 2016). "LVMH's Private Equity Arm to Merge With Catterton". New York Times (DealBook). United States. The New York Times Company. p. B3. Retrieved 23 April 2019.
  2. "The Honest Company Accelerates Growth Strategy with Significant Investment from L Catterton". 6 June 2018.
  3. "L Catterton and Ambienta to Acquire Pibiplast".
  4. Taylor, Alexander L. "Buyout Binge". TIME magazine, Jul. 16, 1984.
  5. Picker, Leslie (2016-01-05). "LVMH's Private Equity Arm to Merge With Catterton". The New York Times. ISSN 0362-4331. Retrieved 2017-02-10.
  6. "L Catterton and LVMH Relationship".
  7. "PEI 300 full report".
  8. "L Catterton and the Lang Gamily to Sell Ainsworth Pet Nutrition to the JM Smucker Company".
  9. "Peloton Receives 75 Million Growth Capital Investment from Catterton".
  10. Or, Amy (11 May 2016). "L Catterton Scores 6.5 Times Return in Sales of Nature's Variety". Wall Street Journal.
  11. "L Catterton to Make Nearly 10x on Zarbee's Naturals Sales".
  12. "St. Marche Receives Significant Investment from L Catterton".
  13. "L Catterton Eyes Passion in Picks like Charles & Keith".
  14. "L Captital Exits Fabindia".
  15. "Design of the Times Showcasing Miami's Cutting Edge Design District".
  16. "Ginza Six a New Template of Luxury Opens in Tokyo".
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