Who Owns L Catterton and Its Status as a Private Equity Firm

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L Catterton is a private equity firm that has been making waves in the investment world. It was founded in 1989 by Jay Sammons and Blythe McGarvie.

L Catterton is a global leader in consumer-focused private equity. The firm has a strong track record of investing in successful companies across various industries.

L Catterton has a unique ownership structure, with a combination of family offices and institutional investors. This blend of investors provides a stable source of funding for the firm's investments.

The Catterton family, specifically Jay Sammons and his family, hold a significant stake in the firm. This family ownership structure is a key aspect of L Catterton's identity and approach to investing.

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L Catterton Formation

L Catterton was formed through a partnership between Catterton, a consumer-focused private equity firm, and LVMH, a French high-end luxury goods provider, along with Groupe Arnault, the family holding company of Bernard Arnault.

The new company, L Catterton, will be a combination of Catterton's North American and Latin American private equity operations with LVMH's European and Asian private equity and real estate operations.

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L Catterton will be headquartered in Greenwich and London, with regional offices across Europe, Asia, and Latin America, and will be led by Global Co-CEOs J. Michael Chu and Scott A. Dahnke.

The company will be 60 percent owned by the partners of L Catterton and 40 percent jointly owned by LVMH and Groupe Arnault, and is expected to grow its assets under management to more than $12 billion after various successor funds are closed.

L Catterton will provide investors with a unique value creation platform, bringing together its global network and industry expertise with Catterton's long-standing operational approach to building value in consumer investments.

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Named L Catterton

L Catterton is the name of the new global consumer-focused investment firm formed by LVMH, Catterton, and Groupe Arnault. The firm will combine Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's existing European and Asian private equity and real estate operations.

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Credit: youtube.com, Episode 34: Michael Chu - Global Chairman and Co-Founder of L Catterton

The partnership will be 60% owned by the partners of L Catterton and 40% jointly owned by LVMH and Groupe Arnault. This unique ownership structure will provide a strong foundation for the firm's growth and success.

L Catterton will become the largest global consumer-focused investment firm, with six distinct and complementary fund strategies focusing on consumer buyout and growth investments across North America, Europe, Asia, and Latin America. The firm will also focus on prime commercial real estate globally.

The firm's headquarters will be located in Greenwich, CT and London, with regional offices across Europe, Asia, and Latin America. This global presence will enable L Catterton to partner with consumer businesses in all major consumer markets.

The firm will be led by Global Co-CEOs J. Michael Chu and Scott A. Dahnke, who are currently Managing Partners at Catterton. Each fund will continue to be managed by its own dedicated team in their respective locations across Europe, Asia, and the Americas.

Private Equity Firm Eyes Summer IPO

Credit: youtube.com, $1 BILLION LOST | L Catterton's IPO of Birkenstock | Private Equity Deal Analysis

L Catterton, the private equity firm backed by Arnault, is planning for a possible summer IPO. They've hired top investment banks Goldman Sachs and Morgan Stanley to explore their options.

The firm manages a whopping $30 billion in assets, which is a significant amount of money. If they do decide to go public, they could be valued at a staggering $3 billion or more.

L Catterton was formed in 2016 through a partnership between Catterton, Groupe Arnault, and LVMH. They've already made some savvy investments, holding a controlling stake in brands like Etro and Birkenstock, and backing direct-to-consumer names like Everlane.

The firm is looking to raise a total of $7.8 billion, split between a buyout fund and a growth-investment fund. They've already begun pitching the buyout fund to investors, hoping to raise $6.5 billion, plus an additional $1.25 billion for the growth-investment fund.

LVMH's Involvement

LVMH, the world leader in high-quality products, is a key player in the formation of L Catterton. The company has a 40% joint ownership stake in L Catterton, along with Groupe Arnault.

Credit: youtube.com, [Latest]Former Lauder executive John Demsey joins L Catterton as Senior Advisor

LVMH brings its European and Asian private equity and real estate operations to the partnership, which are currently conducted under the L Capital and L Real Estate franchises. This combination creates a global consumer-focused investment firm.

L Catterton will leverage LVMH's global network and industry expertise to partner with consumer businesses in all major consumer markets. This partnership is expected to provide investors with a unique value creation platform.

LVMH's Chairman and CEO, Bernard Arnault, has been an investor in Catterton's funds since 1998 and has participated in its growth and success. He has expressed his enthusiasm for the partnership, stating that L Catterton will provide investors with a unique value creation platform.

The transaction is expected to close early in 2016, subject to customary regulatory and certain investor approvals.

L Catterton's Status

L Catterton is a 60 percent owned company by the partners of L Catterton, and 40 percent jointly owned by LVMH and Groupe Arnault.

Credit: youtube.com, Birkenstock belongs to be public, and that's been the intent all along, says L Catterton's Thukral

The company will have a unique value creation platform, bringing together a global network and industry expertise with Catterton's long-standing operational approach to building value in consumer investments.

L Catterton will become the largest global consumer-focused investment firm, with six distinct and complementary fund strategies focusing on consumer buyout and growth investments across various regions.

It's expected to grow its assets under management to more than $12 billion after various successor funds are closed.

L Catterton's headquarters will be in Greenwich and London, with regional offices across Europe, Asia, and Latin America.

The company will be led by Global Co-CEOs J. Michael Chu and Scott A. Dahnke, who are currently Managing Partners at Catterton.

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Frequently Asked Questions

How much of Birkenstocks does L Catterton own?

L Catterton owns approximately 73.2% of Birkenstock's ordinary shares. This stake was acquired in 2021 as part of a $4.3 billion deal.

Percy Cole

Senior Writer

Percy Cole is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for simplifying complex topics, Percy has established himself as a trusted voice in the insurance industry. Their expertise spans a range of article categories, including malpractice insurance and professional liability insurance for students.

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