L Catterton is a global private equity firm specializing in consumer-focused investments. Founded in 1989, it operates through regional offices in Europe, Asia, and North America, with headquarters in Greenwich, Connecticut. The firm invests in growth capital, buyouts, and recapitalizations across various consumer sectors, including food and beverage, retail, consumer products, and services. It targets companies with enterprise values ranging from €50 million to €400 million, and sales values between €30 million and €400 million. L Catterton provides strategic and operational support to its portfolio companies, aiming to enhance performance and investment returns. It typically invests between €15 million and €40 million, and can take either majority or minority stakes.
Partner, Managing Director and Co-Head of Technology Investing @ L Catterton Growth
Rahul Garg
Vice President
Liz Gordon
Principal
Jimmy Jin
Principal
Farah Khan
Managing Partner
Ido Krakowsky
Vice President
Léonor Ladeira
Principal
Erin Lambroza
Vice President
Marzak Li
Managing Director
Matt Lischick
Partner
Marc Magliacano
Managing Partner
Saurabh Mehta
Partner
Michael Meyer
Operating Partner
Courtney Nelson
Principal
Jonathan H. Owsley
Managing Partner
Shinjini Palit
Analyst, Investments
Avik Pramanik
Partner
Alice Raksin
Principal
Shahab Rashid
Managing Partner and Co-Head of Private Credit
Jennifer Reid
Partner
Chris Roberts
Partner
Anjana Sasidharan
Partner
Tolga Sengel
Principal
Rajan Shah
Principal
Lily Shaw
Vice President
Spencer Silverman
Vice President
Howard Steyn
Partner for Global Initiatives
Ravi Thakran
Managing Partner and Chairman
Eduardo Velasco
Partner
Romain Verani
Vice President
Elizabeth Wells
Principal
Ryuhei Yamaguchi
Managing Director
Akash Desai
Principal
Past deals in FMCG
SUGAR Cosmetics
Series E in 2024
SUGAR Cosmetics is a Mumbai-based manufacturer and retailer of color cosmetics, founded in 2012. The company offers a diverse array of premium makeup products, including lipsticks, eyeliners, foundations, face palettes, blushes, bronzers, highlighters, primers, translucent powders, cleansing water, compact powders, nail lacquers, and cosmetics gift sets. Known for its cruelty-free stance, SUGAR has garnered a loyal following among millennials and bold, independent women, distinguishing itself with unique packaging and high-quality offerings. The brand's products are crafted in advanced facilities across Germany, Italy, India, the USA, and Korea, and are available through both retail stores and online channels, making it one of the fastest-growing beauty brands in India.
Gooder Foods
Series A in 2023
Gooder Foods is a manufacturer of processed food products. The company offers veggie-boosted, protein-packed, mac and cheese, helping customers have healthy options in packaged food products.
NotCo
Series D in 2022
NotCo is a food technology company based in Macul, Chile, founded in 2015. The company specializes in producing plant-based alternatives to traditional animal products, including mayonnaise, milk, yogurt, dressings, and desserts. By leveraging artificial intelligence, NotCo recreates the taste, texture, color, and aroma of animal-based products using ingredients such as pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas, and seeds. This innovative approach not only provides consumers with plant-based options but also offers manufacturers a new source of fiber, calcium, and protein derived from vegetables. NotCo distributes its products through retailers in Chile, aiming to transform food systems and promote sustainable consumption.
Planted Foods
Series B in 2022
Planted Foods AG, founded in 2019 and based in Zürich, Switzerland, specializes in the development of plant-based meat products. The company's offerings include planted chicken and BBQ planted chicken, which are crafted using pea protein, pea fiber, sunflower oil, and water to replicate the taste, texture, and mouthfeel of traditional animal meat. By employing advanced technology, Planted Foods transforms these natural ingredients into nutritious, high-protein alternatives that appeal to consumers seeking plant-based options. Additionally, the company operates an e-commerce platform to facilitate the sale of its products directly to customers.
SUGAR Cosmetics
Series D in 2022
SUGAR Cosmetics is a Mumbai-based manufacturer and retailer of color cosmetics, founded in 2012. The company offers a diverse array of premium makeup products, including lipsticks, eyeliners, foundations, face palettes, blushes, bronzers, highlighters, primers, translucent powders, cleansing water, compact powders, nail lacquers, and cosmetics gift sets. Known for its cruelty-free stance, SUGAR has garnered a loyal following among millennials and bold, independent women, distinguishing itself with unique packaging and high-quality offerings. The brand's products are crafted in advanced facilities across Germany, Italy, India, the USA, and Korea, and are available through both retail stores and online channels, making it one of the fastest-growing beauty brands in India.
Little Moons
Private Equity Round in 2022
Little Moons is a London-based ice cream producer known for its unique mochi ice cream offerings. The company specializes in wrapping gelato ice cream in a soft layer of dough, creating a distinctive and flavorful treat. In addition to mochi ice cream, Little Moons also offers a selection of cheesecake flavors, catering to a diverse range of tastes. By combining traditional Japanese mochi with high-quality gelato, Little Moons has carved out a niche in the dessert market, appealing to consumers seeking innovative and indulgent ice cream experiences.
Ci Flavors
Venture Round in 2021
Ci Flavors is a cosmetic company that creates haircare and skincare products. Their mission is to accelerate the evolution and growth of each company group that offers a range of lifestyles while making appropriate choices, transcending all barriers, and working to meet the competition. They intend to enhance their dominance and corporate value while also establishing a foundation for expansion.
NotCo
Series D in 2021
NotCo is a food technology company based in Macul, Chile, founded in 2015. The company specializes in producing plant-based alternatives to traditional animal products, including mayonnaise, milk, yogurt, dressings, and desserts. By leveraging artificial intelligence, NotCo recreates the taste, texture, color, and aroma of animal-based products using ingredients such as pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas, and seeds. This innovative approach not only provides consumers with plant-based options but also offers manufacturers a new source of fiber, calcium, and protein derived from vegetables. NotCo distributes its products through retailers in Chile, aiming to transform food systems and promote sustainable consumption.
Kodiak Cakes
Acquisition in 2021
Kodiak Cakes, LLC is a producer of whole grain breakfast mixes, headquartered in Park City, Utah. Founded in 1995, the company specializes in a variety of products including pancake and waffle mixes, protein oatmeal, frozen waffles, muffins, granolas, dessert mixes, and gourmet syrups. Kodiak Cakes focuses on using whole grains and high-protein ingredients to create healthier alternatives to traditional breakfast and snack options. Their offerings are designed to promote active living and healthier eating, providing consumers with food products that are rich in fiber, vitamins, and antioxidants. The company distributes its products through both retail stores and online platforms.
Function of Beauty
Series B in 2020
Function of Beauty is a New York-based beauty brand founded in 2015 by Hien Nguyen, Joshua Maciejewski, and Zahir Dossa. The company specializes in personalized hair care, skin care, and body care products, allowing customers to create customized shampoos, conditioners, and styling products tailored to their individual hair profiles and specific goals. Function of Beauty emphasizes the use of high-quality ingredients, ensuring that its products are free from sulfates, parabens, phthalates, and mineral oils, which may be harmful to consumers. By focusing on personalization and safety, the brand aims to meet the unique beauty needs of each customer.
NotCo
Series C in 2020
NotCo is a food technology company based in Macul, Chile, founded in 2015. The company specializes in producing plant-based alternatives to traditional animal products, including mayonnaise, milk, yogurt, dressings, and desserts. By leveraging artificial intelligence, NotCo recreates the taste, texture, color, and aroma of animal-based products using ingredients such as pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas, and seeds. This innovative approach not only provides consumers with plant-based options but also offers manufacturers a new source of fiber, calcium, and protein derived from vegetables. NotCo distributes its products through retailers in Chile, aiming to transform food systems and promote sustainable consumption.
Cholula
Acquisition in 2018
Cholula is a privately held producer of Mexican-style hot sauce, renowned for its unique blend of Arbol and Pequin peppers combined with regional spices. Established in Mexico, Cholula draws its name from the country's oldest inhabited city and has maintained a family recipe passed down through generations, ensuring a robust flavor without excessive heat. The company offers a variety of flavors, including original, chili lime, green pepper, sweet habanero, and chili garlic, all crafted from local ingredients. Cholula's signature wooden cap distinguishes its products, which are designed to enhance a wide range of dishes, making the sauces versatile condiments for various culinary applications.
Pibiplast
Private Equity Round in 2018
Pibiplast has been a prominent manufacturer of primary plastic packaging for the cosmetics and make-up industry since 1954. Based in northern Italy, the company produces a diverse range of packaging products, including bottles, tubes, and custom containers, catering to the specific needs of leading international cosmetics brands. Pibiplast is committed to sustainability, actively substituting non-recyclable plastics with recyclable options and incorporating bioplastics and recycled materials into its production processes. The company ensures high-quality manufacturing through rigorous adherence to industry standards, maintaining compliance with ISO 9001:2008 certifications across all its facilities. With a strong focus on design, production, decoration, and sale of thermoplastic packaging, Pibiplast has established itself as a key partner in the cosmetics sector.
The Honest Company
Private Equity Round in 2018
The Honest Company, Inc. is a consumer products firm based in Santa Monica, California, established in 2011. It specializes in designing and manufacturing a diverse range of eco-friendly and affordable products aimed at families and homes. The company's offerings include bundles for babies, bath and body care, cleaning supplies, and health and wellness products. Prominent items in their portfolio consist of eco-friendly diapers and wipes, skincare products, household cleaners, and organic nutritional supplements. The Honest Company operates through both retail and digital channels, ensuring broad accessibility for consumers. Its revenue is primarily driven by the sale of diapers and wipes, emphasizing the brand's commitment to convenience and sustainability.
St. Marche Supermercado
Venture Round in 2016
St. Marche is a supermarket chain based in São Paulo, Brazil, which began operations in 2002. The company operates 18 stores, focusing on creating a pleasant shopping environment in convenient locations. St. Marche is known for its commitment to outstanding customer service and high-quality products, offering a diverse selection of uniquely curated merchandise to attract and retain customers.
St. Marche Supermercado
Acquisition in 2016
St. Marche is a supermarket chain based in São Paulo, Brazil, which began operations in 2002. The company operates 18 stores, focusing on creating a pleasant shopping environment in convenient locations. St. Marche is known for its commitment to outstanding customer service and high-quality products, offering a diverse selection of uniquely curated merchandise to attract and retain customers.
JTG Holdings
Funding Round in 2016
JTG Holdings Ltd, the master franchisee for the upmarket grocery brand Jones the Grocer in the Middle East & North Africa (MENA) region.
Intercos Group
Private Equity Round in 2014
Intercos is a prominent global supplier and strategic innovation partner in the color cosmetics and skincare industry, with a wide network of research centers, production sites, and marketing offices across North America, South America, Europe, and Asia. Established in 1972 and headquartered in Milan, Italy, Intercos specializes in developing and manufacturing a diverse range of cosmetics, including color cosmetics, skincare products, pencils, and nail polish. The company is recognized for its exceptional ability to identify and shape trends in the beauty sector, supported by its advanced research and development capabilities. In 2017, Intercos formed a partnership with Cosmint, a leading company in skin, hair, and body care products, resulting in the creation of one of the largest B2B groups in the beauty industry.
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