🠈  Catterton Partners  🠊

L Catterton Partner

L Catterton is a huge private equity firm that appears to have several billion dollars in equities under contract.

The company was founded in 1989 by Frank Vest and Michael Chu, and William E. Simon. The company was seeded in part by Wesray Capital - a private equity firm started by Simon in 1981. Investments of Wesray included "Atlas Vans", "Gibson Greeting Cards" and "Avis Rent-A-Car.

Prior to working in leveraged buyouts, Simons was the Secretary of Treasury under President Nixon and President Ford. (Isn't it amazing how politicians end up owning everything?).

Investments by private equity firms are extremely complex. I started the list below by copying it from a page called List of Transactions. This does not imply they have full ownership. Private equity firms often spin off acquisition.

Transaction History

This section lists transactions that I encounter in other research.

• 1995: Catterton invested in Caribou Coffee
  • 2000: Arcapita acquired Caribou.
• 2005: Catterton acquired Liberty Safe of Provo, Utah.
  2010: The Compass Group acquired Liberty Safe.
• 2006: Catterton and Oak Investment Partners acquired Cheddar's Restaurant
  • 2015: Restaurant rebranded as Cheddar's Scratch Kitchen.
  • 2017: Darden Restaurant Group acquired Cheddars.
• 2006: Bain Capital and Catterton acquired Bloomin Brands which owns Outback Steakhouse
  • 2012: Bloomin Brands had an IPO on NASDAQ with symbol BLMN
• 2010: Catterton acquired Noodles
  • 2013: Noodles held an IPO on the NYSE with symbol NDLS.
• 2012: Catterton invested in Edible Arrangements.
  • 2012: Somehow the original owners managed to buy back the firm.
• 2013: Catterton invested in Denver based CorePower Yoga.
  • 2019: TSG Consumer Products acquired CorePower Yoga.
• 2016: Catterton, LVMH, and Groupe Arnault merged to create L Catterton.
• 2016: Catterton invested $40m in Home Chef
  • 2018: Kroger acquired Home Chef.⁴
• 2019: Catterton acquired Del Frisco's Restaurant Group of Irving, Tx for $650 million.

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References:

1. Wikipedia - Catterton (Drawn 12/3/2017)
2. Wikipedia - Wesray Capital (Drawn 12/3/2017)
3. Seeking Alpha - Bloomin IPO (Drawn 12/5/2017)
4. The Spoon - Kroger Buys Home Chef (Drawn 10/14/2019)

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