Catterton Partners
 |
|
| Type | Private Ownership |
|---|---|
| Industry | Private Equity |
| Founded | 1990 |
| Founder(s) | Frank Vest, Michael Chu, Scott Dahnke |
| Headquarters | Greenwich, Connecticut, United States |
| Products | Private equity funds, Leveraged buyouts |
| Total assets | $2.0 billion[1] |
| Website | www.cattertonpartners.com |
Catterton Partners is a private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies. The firm has historically focused on several consumer focused industries particularly food and beverage; retail and restaurants and consumer products (both durable and non-durable).
The firm, founded in 1990 is based in Greenwich, Connecticut and has more than 25 investment professionals.
Contents |
[edit] History
The firm, founded in 1990 by was originally known as Catterton-Simon Partners.
In 1990, the founders of Catterton, Frank Vest and Michael Chu, partnered with former US Secretary of the Treasury William E. Simon to form what was then known as Catterton-Simon Partners. Simon, the chairman of private investment company, Wesray Capital Corporation, had gained prominence as a buyout investor in the early 1980s after the acquisition of Gibson Greetings, a producer of greeting cards. The success of the Gibson Greetings investment and the subsequent buyout of Atlas Van Lines were among the first deals to attract the attention of the wider media to the nascent boom in leveraged buyouts.[2]
Since its inception, Catterton has raised seven private equity funds. In its first five years, Catterton focused exclusively buyouts, acquisitions, recapitalizations and turnarounds in the beverage industry. As the firm matured, its focus widened to encompass a larger array of consumer products companies and the firm has made substantial investments in retail and restaurant busiensses most notably with the acquisition of OSI Restaurant Partners (Outback Steakhouse) (Restoration Hardware) and most recently Noodles & Company.
- Catterton-Simon Partners I - $11.25 million (1990)
- Catterton-Simon Partners II - $50 million (1993)
- Catterton-Simon Partners III - $100 million (1996)
- Catterton Partners IV - $400 million (2000)
- Catterton Partners V - $650 million (2004)
- Catterton Partners VI - $1.0 billion (2006)
- Catterton Growth Partners - $300 million, focused on growth capital (2008)[3]
With its fourth fund, the firm dropped "Simon" from the name after severing direct investment ties with William E. Simon whose firm William E. Simon & Sons had migrated primarily toward investments in late-stage venture capital. Although Simon remained an investor in Catterton funds, he did not serve as an investment professional.
[edit] Investments
[edit] Current Investments
The following are some of Catterton's current and former portfolio companies (as of spring-2011):
[edit] Former Investments
- Build-A-Bear Workshop
- P. F. Chang's China Bistro
- Kettle Foods
- Frédéric Fekkai
- Odwalla
- Caribou Coffee
- Jarden
- Wellness Pet Food
- Halston[10]
[edit] References
- ^ Funds raised since inception
- ^ Taylor, Alexander L. "Buyout Binge". TIME magazine, Jul. 16, 1984.
- ^ "Catterton Closes $300 Million Consumer Growth Fund". New York Times Deal Book, May 2, 2008
- ^ "Parent of Outback Steakhouse Is Sold in $3.2 Billion Deal". New York Times, November 7, 2006
- ^ "Sears Bids $269 Million for Restoration Hardware". New York Times, November 27, 2007
- ^ "‘Go Shop’ or No Shop? Sears Criticizes Restoration Board". New York Times Deal Book, November 26, 2007
- ^ "Whither the Restoration Hardware Buyout?". New York Times, February 21, 2008
- ^ "COMPANY NEWS; HERSHEY WILL SELL CHUCKLES AND SOME OTHER BRANDS". New York Times, May 7, 2002
- ^ "What’s the Bigger Brand: The Hotel or Its Chef?". New York Times, September 3, 2006
- ^ "Halston Dusts the Ashes From Its Hem Once More". New York Times, April 28, 1998
- "Gourmet Food Stores Merge ". New York Times, January 31, 1995
[edit] External links
|
|||||||||||||||||
