Consumer-focused private-equity firm L Catterton, which has backed brands like Kodiak Cakes and Birkenstock, is pitching its latest buyout fund to investors with the aim of raising $6.5bn, according to people familiar with the matter.
The Greenwich, Conn.-based firm expects to begin the formal fundraising process for its flagship buyout strategy’s 10th fund imminently, the people said. In buyout transactions, a private-equity firm takes a controlling stake in a business.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
With approximately $30 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 250 investments in leading consumer brands.
Source: Wall Street Journal
Can’t stop reading? Read more
Capital Group and KKR expand public-private push with first equity strategy
Capital Group and KKR expand public-private push with first equity strategy Capital Group and KKR...
Ares leads up to $2.2bn Arcmont private credit continuation vehicle
Ares leads up to $2.2bn Arcmont private credit continuation vehicle Ares Management has emerged as...
Thoma Bravo nears $5bn WWEX deal to build $12bn shipping tech group
Thoma Bravo nears $5bn WWEX deal to build $12bn shipping tech group Thoma Bravo is close to...