L Catterton related stories
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Avrio's Fund III deploys $15 mln to Intelia, Alasko and CheeCha PuffsCanadian venture capital firm Avrio Capital has invested a total of $15 million in three new portfolio companies. They are: Intelia Technologies Inc, a Montréal-based maker of control systems and data analytics services for the poultry and swine markets; Alasko Foods Inc, a Montréal-based supplier of branded and private label frozen fruits and vegetables; and Cadcan Marketing & Sales Inc, which operates as CheeCha Puffs, a Calgary-based healthy snack foods provider. Avrio made the investments through Avrio Ventures LP III, which raised $110 million in a final close /canada/2016/2/avrio-capitals-third-late-stage-agribusiness-fund-raises-110-mln/ in February. The fund invests in late-stage opportunities in agricultural and food technology sectors.
- Avrio's Fund III deploys $15 mln to Intelia, Alasko and CheeCha Puffs
Canadian venture capital firm Avrio Capital has invested a total of $15 million in three new portfolio companies. They are: Intelia Technologies Inc, a Montréal-based maker of control systems and data analytics services for the poultry and swine markets; Alasko Foods Inc, a Montréal-based supplier of branded and private label frozen fruits and vegetables; and Cadcan Marketing & Sales Inc, which operates as CheeCha Puffs, a Calgary-based healthy snack foods provider. Avrio made the investments through Avrio Ventures LP III, which raised $110 million in a final close /canada/2016/2/avrio-capitals-third-late-stage-agribusiness-fund-raises-110-mln/ in February. The fund invests in late-stage opportunities in agricultural and food technology sectors.
Canadian firm Avrio invests C$15 mln in three companiesCalgary, Alberta-based Avrio Capital Inc. announced three investments through its third institutional late stage venture fund, Avrio Ventures Limited Partnership III, totaling C$15 million of capital. These include Intelia Technologies Inc. and Alasko Inc., both based in Montreal, and Cadcan Marketing & Sales Inc. (operating as CheeCha Puffs), based in Calgary. Avrio invests in agriculture and food technology companies.
- LCatterton exits Nature's Variety
LCatterton said May 11 it sold its remaining stake in Nature's Variety to Agrolimen, it’s joint venture partner for the investment. Financial terms weren’t announced. St. Louis-based Nature’s Variety produces pet foods through two brands, Instinct and Prairie.
- L Catterton invests in Latin American gym chain Bodytech
L Catterton made a growth capital investment in Bogota, Columbia-based Bodytech Corp, the second-largest gym company in Latin America, according to a news release. Terms of the transaction were not disclosed. Bodytech is the first investment by the L Catterton Latin America fund.
L Catterton raises $615 mln for third growth fundL Catterton closed its third North American growth fund at an oversubscribed $615 million. L Catterton Growth Partners III LP was targeting $500 million, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/1656181/000165618116000002/xslFormDX01/primary_doc.xml The closing comes a month after Catterton joined forces with luxury goods company LVMH Moet Hennessy Louis Vuitton SE and investment firm Groupe Arnault.
- L Catterton closes 3rd North American Growth fund
L Catterton Growth Partners III started fundraising last month, targeting $500m, and is the first fund to close since Catterton combined with LVMH and Groupe Arnault’s private equity and real estate holdings.
- Catterton, LVMH, Arnault form consumer giant
The new partnership, L Catterton, will be 60% owned by Catterton, 20% by LVMH and 20% by Groupe Arnault and will be led by Catterton managing partners Michael Chu and Scott Dahnke.
- LVMH, Catterton and Groupe Arnault partner for investments: Reuters
Buyout firm Catterton has agreed to join forces with luxury goods company LVMH Moet Hennessy Louis Vuitton SE (LVMH.PA) and investment firm Groupe Arnault in the creation of L Catterton, a consumer-focused private equity firm, Reuters News reported.
Portfolio company CEOs need different skills, mindset to succeedFinding the right chief executive for a portfolio company can be a tricky task. CEOs of portfolio companies need a different mindset than if they worked for a publicly-traded company, said Les Berglass, Chairman of Berglass + Associates.