July 16, 2021
L Catterton, a private-equity firm backed by French billionaire Bernard Arnault and luxury empire Louis Vuitton Moet Hennessy, is looking for options to expose, according to people familiar with the matter. ..
L Catteron’s deliberations begin with stocks of listed private equity firms remaining at record highs.
Peers TPG and Bridgepoint Group are preparing to make their debut on the stock market, and Owl Rock Capital Group and Dyal Capital Partners were unveiled in May in a three-way merger with a special acquisition company (SPAC).
L Catterton has talked with investment banks in recent weeks to assess potential options such as initial public offerings and SPAC mergers.
Sources warned that the debate was in its infancy and no final decision was made.
They spoke on condition of anonymity because the deliberations are confidential.
L Catterton declined to comment.
Headquartered in Greenwich, Connecticut, L Catterton manages over $ 28 billion in assets. Established in 2016 as a joint venture between LVMH, the owner of Louis Vuitton, a consumer-centric private-equity firm, and Arnaud’s family, Arnaud.
He is a large investor and acquirer of luxury consumer businesses such as German shoe brand Birkenstock and luxury fitness brands Equinox and Peloton Interactive Inc. We have invested in over 200 retail businesses.
Some of its portfolio companies are currently evaluating the options to publish or publish Published Over the past year, including the Honest Company founded by Hollywood actress Jessica Alba.
Equities of listed asset managers such as private equity have skyrocketed in recent months as the stock market has recovered and their holdings have increased, and low interest rates have allowed them to take advantage of cheap debt to generate profits from their transactions. ..
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Louis Vuitton-backed L Catterton Considers Listing
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