L Catterton reportedly considering a stock market listing

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Jul 16, 2021

The L Catterton fund, co-founded by LVMH and Bernard Arnault, is considering the possibility of an IPO, according to sources familiar with the matter. This project comes at a time when listed investment companies are reaching record levels on the stock market.

L Catterton invests in diverse company profiles – L Catterton

Other funds like TPG and Bridgepoint Group are also gearing up to go public, while Owl Rock Capital Group and Dyal Capital Partners took the plunge last May in a three-way merger with a company from special purpose acquisition (SPAC).

In recent weeks, L Catterton has contacted investment banks to assess his options, which could lead to an IPO or a PSPC-type merger, the sources said on condition of anonymity.

They nevertheless clarified that the discussions were only at a preliminary stage and that no final decision had been taken. L Catterton declined to comment on this information.

Based in Greenwich, Connecticut, the group manages more than $ 28 billion in assets. It was created in 2016 as a joint venture between the Catterton fund, dedicated to the consumer goods sector, LVMH, owner of Louis Vuitton, and Groupe Arnault, the family holding company of Bernard Arnault.

The group has made significant investments in the luxury sector as well as acquisitions of companies such as German footwear brand Birkenstock and high-end fitness brands Equinox and Peloton Interactive Inc. It has invested in more than 200 distribution groups and brands.

Several of the companies in its portfolio are also considering an IPO or have gone public in the past year, including Honest Co, founded by Hollywood actress Jessica Alba, and automotive distributor Vroom Inc.

(Report Anirban Sen in Bangalore and David French in New York, French version Federica Mileo, edited by Jean-Michel Bélot)

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