L Catterton, the private equity firm backed by French billionaire and LVMH chief Bernard Arnault, is said to be considering an initial public offer this year that could value the firm at $3bn or more.
The PE firm recently hired Goldman Sachs and Morgan Stanley to lead an IPO that could happen this summer, according to a WSJ report. The Greenwich, Connecticut-based company managed about $30bn.
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Greenwich, Connecticut-based L Catterton, which manages about $30bn, was formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault. Some current and former L Catterton investments include Peloton, The Honest and Vroom.
Reuters first reported in July that L Catterton was said to be evaluating going public. An IPO comes after rival TPG, one of the most well known PE firms, went public last month and now has a market cap of $8.9bn.
Source: Seeking Alpha
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