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
Ramiro Lauzan
Partner
Marzak Li
Managing Director
Matt Lischick
Partner
Michael Meyer
Operating Partner
Courtney Nelson
Principal
Christopher North
Managing Partner
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, Growth Fund
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 Food
Viee
Private Equity Round in 2024
Viee is a Chinese beverage manufacturer specializing in the production of natural, plant-based protein drinks. The company's product range is derived from a variety of non-GMO nuts, including almonds, walnuts, peanuts, and pistachios. Viee's mission is to create healthier, more environmentally friendly alternatives to traditional animal protein drinks, using high-quality plant protein to enhance the nutritional benefits of its beverages.
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.
Butternut Box
Private Equity Round in 2023
Butternut Box is a UK-based startup founded by friends Kev and Dave, specializing in fresh, human-grade dog food made from real ingredients. The company emphasizes the quality and nutritional value of its meals, providing a personalized approach to dog nutrition. By collecting information on each dog's age, size, allergies, and dietary needs, Butternut Box tailors meal plans to meet the specific requirements of individual pets. This customer-centric model not only aims to enhance the health and well-being of dogs but also simplifies the feeding process for pet owners by delivering customized, homemade meals directly to their doors.
Remedy Drinks
Series B in 2023
Remedy Drinks is a manufacturer and distributor of health drinks. They offer a variety of tastier drinks, including Remedy Kombucha, Remedy Sodaly, Remedy K!CK, Remedy Shots, and Remedy Switchel ACV.
Partner Pet
Private Equity Round in 2023
Partner Pet is a developer and retailer of pet food. It practices strict quality control over the supply of meat and other raw materials that help pet owners to provide better quality food for their pet partners.
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.
Yummers
Seed Round in 2022
Yummers is an omnichannel pet lifestyle brand that focuses on producing and retailing nutritious pet food for dogs and cats. The company's offerings are designed to transform mealtime by providing meals that are high in protein and free from artificial flavors. In addition to standard pet food, Yummers also provides meal mix-ins that enhance flavors and textures, ensuring pets enjoy their meals while maintaining a balanced diet. Through its diverse product range, Yummers aims to promote the health and well-being of pets.
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.
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.
Wildtype
Series B in 2022
Wildtype is an agtech company based in San Francisco that focuses on creating clean and sustainable seafood through cellular agriculture technologies. The company aims to produce sushi-grade salmon that offers the same nutritional benefits as wild-caught fish while eliminating common contaminants such as mercury, microplastics, antibiotics, and pesticides. By developing alternative sources of seafood, Wildtype seeks to address critical global challenges, including climate change, food security, and health, while also protecting wild species and ocean ecosystems. The company's innovative approach provides consumers with a healthier option for seafood, contributing to a more sustainable food system.
Pure & Natural
Private Equity Round in 2022
Pure & Natural is a premium pet food brand based in China that specializes in the development of pet food and health supplement products. The company's offerings are designed to provide balanced nutrition, promoting a healthy diet for pets. By focusing on high-quality ingredients and nutritional value, Pure & Natural enables pet owners to maintain the health and well-being of their companions.
I and love and you
Series C in 2022
I and love and you is a producer of high-quality pet food products focused on providing healthy nutrition for pets. The company emphasizes fresh, whole-food ingredients, utilizing real meat, fish, and poultry in their formulations. Their products contain no grains, fillers, or artificial ingredients, ensuring optimal digestibility and a balanced diet for pets. Committed to pet wellness, I and love and you offers a comprehensive range of natural products, including food, treats, chews, supplements, and remedies, all designed to meet rigorous ingredient standards and approved by an on-staff holistic veterinarian. This approach positions the company as a leader in the pet care industry, dedicated to enhancing the health and well-being of pets.
Butternut Box
Venture Round in 2021
Butternut Box is a UK-based startup founded by friends Kev and Dave, specializing in fresh, human-grade dog food made from real ingredients. The company emphasizes the quality and nutritional value of its meals, providing a personalized approach to dog nutrition. By collecting information on each dog's age, size, allergies, and dietary needs, Butternut Box tailors meal plans to meet the specific requirements of individual pets. This customer-centric model not only aims to enhance the health and well-being of dogs but also simplifies the feeding process for pet owners by delivering customized, homemade meals directly to their doors.
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.
Aleph Farms
Series B in 2021
Aleph Farms Limited, based in Ashdod, Israel, is a food technology company focused on sustainable animal product innovation through cellular agriculture. Founded in 2017, Aleph Farms has pioneered the development of lab-cultured meat, notably unveiling the world’s first cultivated thin-cut steak in 2018 and the first cultivated ribeye steak in 2021. The company utilizes proprietary three-dimensional bioprinting technology to grow animal products directly from non-genetically modified cells, thereby eliminating the need for animal slaughter. Under its product brand, Aleph Cuts, Aleph Farms is set to launch the Petit Steak, which is produced from premium Angus cow cells. The company has been recognized for its commitment to climate leadership and sustainability, receiving accolades from the World Economic Forum and the United Nations for its net zero commitment made in 2020.
Aleph Farms
Series B in 2021
Aleph Farms Limited, based in Ashdod, Israel, is a food technology company focused on sustainable animal product innovation through cellular agriculture. Founded in 2017, Aleph Farms has pioneered the development of lab-cultured meat, notably unveiling the world’s first cultivated thin-cut steak in 2018 and the first cultivated ribeye steak in 2021. The company utilizes proprietary three-dimensional bioprinting technology to grow animal products directly from non-genetically modified cells, thereby eliminating the need for animal slaughter. Under its product brand, Aleph Cuts, Aleph Farms is set to launch the Petit Steak, which is produced from premium Angus cow cells. The company has been recognized for its commitment to climate leadership and sustainability, receiving accolades from the World Economic Forum and the United Nations for its net zero commitment made in 2020.
Hungryroot
Series C in 2021
Hungryroot, Inc. is a New York-based online grocery platform that specializes in fresh vegetable-based foods, offering a diverse range of products including meals, sides, snacks, spreads, breakfast items, and noodles. Founded in 2015, the company utilizes artificial intelligence to provide personalized grocery services tailored to individual customer needs and dietary goals. Through its platform, Hungryroot delivers groceries and recipes while also assisting with meal planning and nutritional support. This innovative approach aims to help customers save time, reduce food waste, and make healthier eating choices. In addition to featuring various modern brands, Hungryroot develops its own line of healthy products, including popular items like the Black Bean Brownie Batter.
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.
Genki Forest
Venture Round in 2021
Genki Forest is a beverage company that focuses on producing sugar-free and low-calorie drinks, catering to consumers seeking healthy and flavorful options. The company specializes in manufacturing a range of beverages, including sugar-free tea and flavored seltzer water, created from natural ingredients. Genki Forest aims to provide affordable, health-conscious beverages, aligning with the growing demand for nutritious drink alternatives in the market.
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.
Public Goods
Series A in 2020
Public Goods is a direct-to-consumer brand based in New York, established in 2015. The company specializes in manufacturing and marketing a wide range of unisex health, beauty, household, grocery, and vitamin products. Its offerings include hair and body care items, dental and menstrual care products, essential oils, cleaning supplies, and various food items such as cereals, snacks, and sauces. Public Goods distinguishes itself through a membership model that grants access to eco-friendly, high-quality essentials at competitive prices. The company emphasizes sustainability, providing products that are cruelty-free and free from artificial colors and chemicals. By operating on lower product margins compared to traditional brands, Public Goods aims to deliver natural and healthy household essentials to consumers in a convenient online format.
IAFSTORE
Private Equity Round in 2020
IAFSTORE is an online retail platform based in Brescia, Lombardy, specializing in food and sports supplements, over-the-counter products, and organic cosmetics. Founded in 2007, the company operates as a direct-to-consumer distributor, offering a wide range of third-party products across four main categories: drugstore items, herbal products, organic food, and sports nutrition. Through its e-commerce model, IAFSTORE caters to consumers seeking health and wellness solutions.
Butternut Box
Series C in 2020
Butternut Box is a UK-based startup founded by friends Kev and Dave, specializing in fresh, human-grade dog food made from real ingredients. The company emphasizes the quality and nutritional value of its meals, providing a personalized approach to dog nutrition. By collecting information on each dog's age, size, allergies, and dietary needs, Butternut Box tailors meal plans to meet the specific requirements of individual pets. This customer-centric model not only aims to enhance the health and well-being of dogs but also simplifies the feeding process for pet owners by delivering customized, homemade meals directly to their doors.
Del Frisco's Restaurant Group
Acquisition in 2019
Del Frisco's Restaurant Group, headquartered in Irving, Texas, owns and operates a variety of upscale dining establishments in the United States, including Del Frisco’s Double Eagle Steakhouse, Sullivan's Steakhouse, Del Frisco’s Grille, and Barcelona Wine Bar. The company specializes in offering a diverse menu that features high-quality steaks, chops, fresh seafood, and tapas, accompanied by an extensive selection of wines and cocktails. As of 2019, Del Frisco's operated 75 restaurants across 16 states and the District of Columbia. The company emphasizes a contemporary dining experience that reflects American culinary traditions, catering to a clientele seeking both casual and formal dining options.
Grupo MYT
Private Equity Round in 2019
Grupo MYT, established in 2003 and based in Mexico City, specializes in designing, building, and operating casual restaurant brands primarily in Mexico and recently expanding into the United States. The company focuses on creating scalable dining business models that offer diverse culinary experiences across four distinct cuisine genres. A multidisciplinary team at Grupo MYT is committed to delivering quality dining experiences through excellent food, attentive service, and well-designed restaurant environments. Their operations emphasize innovative branding and effective processes, aimed at providing enjoyable and meaningful experiences for customers while ensuring responsible profitability for investors.
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.
Goiko Grill
Private Equity Round in 2018
Founded in 2013 by Andoni Goicoechea, Goiko Grill is the best performing full service casual gourmet-burger restaurant chain in Spain, recognized for its tasty and highly craveable products, its efficient and enjoyable service as well as the good ambiance of its venues. Headquartered in Madrid, the Company currently operates 44 sites, in 15 Spanish cities and plans to cover 20 cities with 58 venues by the end of the year 2018. The Company has been able to differentiate itself not only by providing the best gourmet burgers but also through its distinctive communication. It is notably a leading restaurant chain on social media with >230k highly engaged Instagram followers in Spain, more than most international casual dining chains.
Ole & Steen
Private Equity Round in 2017
Ole & Steen is a premium bakery and food-service chain in Denmark with 70 stores and a growing presence in the UK.
Uncle Julio's
Acquisition in 2017
Uncle Julio's Corporation operates a chain of polished casual Mexican restaurants across several states, including Texas, Georgia, Illinois, Maryland, Virginia, Florida, and Pennsylvania. Founded in 1986 and based in Irving, Texas, the restaurant is known for its diverse menu featuring marinated and mesquite-grilled beef and chicken fajitas, tacos, enchiladas, and various seafood dishes, such as scallops and honey chipotle salmon. In addition to its extensive food offerings, Uncle Julio's provides a selection of beverages, including frozen margaritas and fruit-infused drinks. The company also caters to special events, offering services for office parties, family gatherings, and receptions, thereby enhancing its appeal to a wide range of customers seeking authentic Mexican dining experiences.
JustFoodForDogs
Private Equity Round in 2017
JustFoodForDogs specializes in producing fresh, whole food diets for dogs, crafted daily to ensure nutritional quality. The company offers a range of hand-made meals developed in consultation with certified nutritionists and veterinarians, focusing on providing essential nutrients for canine health. By cooking their products at low temperatures, JustFoodForDogs maintains the integrity of the ingredients, making high-quality dog food accessible and affordable for pet owners.
I and love and you
Private Equity Round in 2017
I and love and you is a producer of high-quality pet food products focused on providing healthy nutrition for pets. The company emphasizes fresh, whole-food ingredients, utilizing real meat, fish, and poultry in their formulations. Their products contain no grains, fillers, or artificial ingredients, ensuring optimal digestibility and a balanced diet for pets. Committed to pet wellness, I and love and you offers a comprehensive range of natural products, including food, treats, chews, supplements, and remedies, all designed to meet rigorous ingredient standards and approved by an on-staff holistic veterinarian. This approach positions the company as a leader in the pet care industry, dedicated to enhancing the health and well-being of pets.
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.
Eataly Net
Acquisition in 2016
Eataly is a high-end Italian food market and mall chain that combines a variety of dining options, food and beverage stations, and retail offerings. Established in 2004 by Oscar Farinetti, the company features a diverse product range that includes packaged foods, cured meats, cheeses, fresh produce, baked goods, and a selection of beverages, including wines and spirits. Eataly operates several locations, with notable stores in Rome and Genova, providing an immersive experience where customers can eat, shop, and learn about high-quality food. The company emphasizes the importance of quality products and aims to create a welcoming environment for everyone, whether they are looking to purchase ingredients for a meal or enjoy a dining experience. Eataly's commitment to promoting local producers and sharing the stories behind its offerings fosters a deeper appreciation for food among its 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.
Home Chef
Series B in 2016
Home Chef is a subscription-based meal kit delivery service founded in 2013 and headquartered in Chicago, Illinois. The company aims to simplify home cooking by providing pre-portioned ingredients and easy-to-follow recipes delivered weekly to its subscribers. Users can select meals and customize their orders according to personal preferences, allowing them to prepare home-cooked dinners in approximately 30 minutes. Home Chef's service is designed to save time while enhancing the cooking experience, making it convenient for individuals and families to enjoy nutritious meals at home.
Velvet Taco
Venture Round in 2016
Velvet Taco is a fast casual restaurant chain that specializes in offering a diverse range of tacos, moving beyond traditional Tex-Mex cuisine to incorporate a variety of flavors and premium ingredients. Founded in 2011 and headquartered in Dallas, Texas, Velvet Taco has expanded its presence to multiple locations across Texas, including Dallas, Fort Worth, and Houston, as well as in Chicago, Illinois, and other states such as Georgia, North Carolina, Oklahoma, and Tennessee. In addition to its signature tacos, the restaurant also serves cakes and desserts, providing customers with an extensive menu that emphasizes quality and culinary creativity. Velvet Taco operates as a subsidiary of Fork It Over Restaurants LLC.
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.
Piada Italian Street Food
Private Equity Round in 2015
The Piada Group, LLC operates a chain of Italian cuisine restaurants across several states, including Ohio, Minnesota, Pennsylvania, Kentucky, Indiana, Michigan, and Texas. Inspired by the family-run food carts of Rimini, Italy, the company focuses on providing hand-rolled piadas, pasta bowls, chopped salads, pastas, sides, beverages, and desserts. The restaurants emphasize contemporary Italian food prepared with quality ingredients, catering to customers seeking healthy options served quickly. In addition to dining experiences, The Piada Group offers online ordering and sells branded merchandise such as beanies, bottle openers, water bottles, and T-shirts. Established in 2009 and headquartered in Columbus, Ohio, the company was previously known as Bianco Italian Grill LLC until its name change in 2011.
Snap Kitchen
Venture Round in 2015
Snap Kitchen LLC operates a chain of food retail stores in Texas, focusing on providing healthy and nutritious meals. Founded in 2010 and based in Austin, the company offers a diverse menu that includes breakfast, lunch, and dinner items, along with salads, snacks, cold-pressed juices, and specialty elixirs. Snap Kitchen emphasizes the use of high-quality ingredients in its chef-driven creations, ensuring that all offerings are made fresh daily and are nutritionally balanced. The company also offers convenient services such as curbside pickup and home or office delivery, catering to customers seeking both convenience and health-conscious dining options.
Bruxie
Private Equity Round in 2013
Bruxie is a gourmet waffle sandwich restaurant concept based in Orange, California, founded in 2010 by Dean Simon and Kelly Mullarney. The restaurant specializes in creating elevated waffle sandwiches that are suitable for breakfast, lunch, dinner, and dessert. Bruxie's menu features fried chicken sandwiches made with natural, hormone-free chicken marinated in buttermilk, complemented by a variety of savory and sweet fillings, as well as fresh ingredients like tomatoes and pickles. Currently, Bruxie operates six locations throughout Southern California.
The Nest Collective
Venture Round in 2012
The Nest Collective, Inc. produces organic food and snacks for babies, toddlers, and kids. The company was incorporated in 2008 and is based in Emeryville, California.
Sweet Leaf
Private Equity Round in 2008
In 1997, Sweet Leaf Tea founder, Clayton Christopher, decided to make a bottled tea that was just as tasty as the one his grandmother Mimi used to make. Every bottle of homemade goodness still starts with Granny's original recipe - the perfect balance of organic tea leaves and ingredients they can pronounce. In 2004, they put a spin on their classic sweet tea with fun new flavors like Mint & Honey.
Farmley
Farmley is a healthy snacking brand that focuses on promoting nutritious eating habits through its diverse range of products. The company offers a variety of clean and tasty snacks, including nuts such as almonds, cashews, pistachios, and walnuts, as well as sweet options like raisins, figs, and dates. By providing high-quality, wholesome snacks, Farmley aims to make healthy eating accessible and enjoyable for its customers.
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