A consumer-technology company whose brands include online beauty products seller Il Makiage and that is backed by private-equity firm L Catterton gained several new investors through a $130 million deal valuing the business at $1.5bn.
Money managers Franklin Templeton and Fidelity Investments joined billionaire film producer and technology investor Thomas Tull in leading the transaction, which included First Light Capital Group, an investment firm founded by his wife, Alba Tull.
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With approximately $25 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. L Catterton’s team of nearly 200 investment and operating professionals partners with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence, and a broad partnership network. Since 1989, the firm has made over 200 investments in leading consumer brands.
Source: Wall Street Journal
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