L Catterton related stories
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A view from the secondary market: sought-after U.S. buyout fundsIt’s always instructive to see how specific funds are trading on the private equity secondaries market, to get a sense of how those funds are perceived in the primary world.
Consumer sector offers pockets of strengthWith about two-thirds of GDP tied to consumer spending, sponsors and their limited partners can’t ignore the roughly $12 trillion spent by U.S. households each year on consumer goods and services.
Middle-market GPs eye niches, add-ons in pricey buyout sceneFour senior GPs said middle-market players facing high auction prices for deals in 2014 are focusing on harvesting companies, building expertise and relationships in market niches to outflank rivals and stepping up growth efforts through add-on deals.
Need to meet Todd Rovak, managing partner, Fahrenheit 212The next great idea for innovating in business is probably not going to come from a spreadsheet, says Todd Rovak, a managing partner at the consulting firm Fahrenheit 212.
A rush to borrow before rates rise furtherThe prospect of higher interest rates led to a crush of refinancing deals in 2013. This year, the upshot could be a crush of new deals.
- Buyout firms jostle for John Hardy in jewellery M&A boom-Reuters
Jeweller John Hardy is attracting bid interest from a string of U.S. private equity firms, sources told Reuters, the latest potential deal in a sector outpacing the broader luxury industry thanks in part to financially independent Asian women.
- PE-backed Noodles & Company plans secondary offering
Noodles & Company said Tuesday that it has filed for a secondary public offering. The company has not disclosed the number of shares it plans to sell; however, it expects to ink an agreement with certain company executives to buy back shares in a private transaction. Noodles & Company currently trades its stock on the NASDAQ under the ticker symbol "NDLS." Morgan Stanley & Co. and UBS Securities are serving as lead underwriters. Noodles & Company, which is backed by Catterton Partners and Argentia Private Investments, is a fast casual restaurant chain.
Fundraising headed for another big yearThe coffers of cash-hungry U.S. sponsors filled up at a healthy pace in the third quarter, as investors flocked to mid-market funds while by no means snubbing their noses at the mega-funds that have come in for so much criticism in recent years.
- Catterton Partners exits Mid-Atlantic Convenience Stores
Catterton Partners said Thursday that it has closed its sale of Mid-Atlantic Convenience Stores to Sunoco. No financial terms were disclosed. Based in Maryland and Virginia, Mid-Atlantic Convenience Stores is a convenience store operator with 300 company-owned and dealer locations.
- Catterton invests in restaurant chain Protein Bar
Catterton Partners has invested in Protein Bar, a high-growth, fast casual restaurant chain. Terms of the deal were not disclosed. Protein Bar will use the proceeds to expand its concept of providing customers "craveable food" that is good for them.