M&A Deal Summary

L Catterton Partners Acquires Steiner Leisure

On August 21, 2015, growth capital firm L Catterton Partners acquired consumer products company Steiner Leisure for 925M USD

Acquisition Highlights
  • This is L Catterton Partners’ 16th transaction in the Consumer Products sector.
  • This is L Catterton Partners’ 3rd largest (disclosed) transaction.
  • This is L Catterton Partners’ 1st transaction in Bahamas.

M&A Deal Summary
Date 2015-08-21
Target Steiner Leisure
Sector Consumer Products
Buyer(s) L Catterton Partners
Deal Type Going Private
Deal Value 925M USD
Advisor(s) Jefferies (Financial)
Dechert (Legal)

Target

Steiner Leisure

Nassau, Bahamas
website
Steiner Leisure provides beauty, wellness, and education products and services. Steiner Leisure was founded in 1934 and is based in Nassau, Bahamas.

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Buyer(S) 1

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 106 of 214
Sector (Consumer Products) 16 of 35
Type (Going Private) 3 of 5
Country (Bahamas) 1 of 1
Year (2015) 8 of 11
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Lily s Kitchen

London, United Kingdom

Lily's Kitchen Ltd. produces high quality, healthy, natural food for dogs and cats – wholesome recipes like Homestyle Chicken and Turkey Casserole, Super Food Snack Bars and Breakfast Crunch. Lily’s Kitchen was founded in November 2008 and is based in London.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Chopt Creative Salad

Rye Brook, New York, United States

Chopt Creative Salad Co. is an operator of salad category restaurants with over 50 locations in the U.S. Chopt’s menu features a broad array of classic salads, salad sandwiches, grain, and noodle bowls, and warm kale and quinoa bowls, all served with flavorful scratch-made dressings. Chopt Creative Salad was founded in 2001 and is based in New York City.

Buy -
Mergr

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Company

Legal