What is Catterton? Catterton Review

Basic Introduction

Catterton is an American private equity firm focusing on the consumer industry. Since its establishment in 1989, it has 25 years of successful investment experience and currently manages $4 billion in assets.

L Catterton Asia has offices in Singapore and Mauritius, as well as offices in Hong Kong, Mumbai, Shanghai and Sydney. L Catterton Asia's main investment scope spans multiple areas of fashion lifestyle consumer goods. These areas will benefit from the growing consumer demand in the Asian market.

Investment Brand

Its current investment brands include: Restoration Hardware, Baccarat, PIRCH, John Hardy, Flywheel Sports, CorePower Yoga, Outback Steakhouse, Plum Organics, Mendocino Farms, Noodles & Company, PIADA, Frederic Fekkai, Build-A-Bear Workshop, Wellness and Nature's Variety pet food, Kettle Foods, Odwalla and PF Chang's, etc.

Investment Areas

L Catterton has extensive experience in investing in global fast-moving consumer goods (CPG) brands, including food, beverages, retail, restaurants, beauty, health, fashion and accessories, and service industries.

Catterton's investments focus on the consumer sector, including food, beverage, retail, hospitality, consumer product manufacturing and services, consumer health, media, and marketing services.

L Catterton's investments in the pet sector include: Ainsworth Pet Nutrition, Inspired Pet Nutrition, JustFoodForDogs, Lily's Kitchen, Nature's Variety, PetVet Care Centers and Wellness Pet Food.

L Catterton’s CPG investments include: The Honest Company, Kettle Brands, Home Chef, Ainsworth Pet Nutrition, Plum Organics, Zarbee’s, Odwalla, Beanitos, Ferrara Candy Company, Sweet Leaf Tea, Restoration Hardware, Peloton, Sandro/Maje, Caribou Coffee and Equinox.

Team Composition

L Catterton's investment management team consists of more than 150 investment and operating professionals who work with management teams around the world to implement strategic plans to promote growth by leveraging deep industry insights, outstanding operational capabilities and a vast network of talented partners.

Development History

In 2014, L Catterton acquired 70% of the brand's shares from the Halas family, the founders of Seafolly, for A$70 million, and increased its stake to 100% in 2018.

In 2016, LVMH announced that it would merge its private equity and real estate investment firm L Capital with the US private equity investment firm Catterton to form L Catterton, thus creating the world's largest consumer goods investment company.

In December 2018, L Catterton Asia, the Asian fund of L Catterton, the world's largest consumer goods private equity investment company, announced that it had made a "significant" investment in Will's Group, one of the largest private gym chains in China, but did not disclose the specific terms of the transaction.

In April 2019, L Catterton, the world's largest consumer goods private equity fund, said on Monday that it had completed the acquisition of Mexican hot sauce maker Cholula, but did not disclose specific transaction terms.

In June 2019, L Catterton, the world's largest consumer goods private equity fund, announced that it had signed a final agreement with the American restaurant chain Del Frisco's Restaurant Group, Inc. (hereinafter referred to as Del Frisco's) to acquire the latter for US$650 million through its subsidiary.

On June 18, 2020, Brazilian pet supplies e-commerce platform Petlove announced that it had received an important strategic investment from L Catterton Latin America Fund, the world's largest consumer goods private equity fund. Detailed transaction terms were not disclosed.

References

• 1. In-depth analysis of L Catterton Asia's investment in Wells Fargo: Sohu [cited on 2018-11-11T16:00:00.000Z]