M&A Deal Summary

L Catterton Partners Acquires WellPet

On January 1, 2004, growth capital firm L Catterton Partners acquired consumer products company WellPet LLC

Acquisition Highlights
  • This is L Catterton Partners’ 4th transaction in the Consumer Products sector.
  • This is L Catterton Partners’ 19th transaction in the United States.
  • This is L Catterton Partners’ 2nd transaction in Massachusetts.
Investment Fate
  • WellPet was sold to a financial buyer in 2007.

M&A Deal Summary

Date 2004-01-01
Target WellPet LLC
Sector Consumer Products
Buyer(s) L Catterton Partners
Deal Type Recapitalization

Target

WellPet LLC

Tewksbury, Massachusetts, United States
website
WellPet is a manufacturer and marketer of super premium natural and holistic pet foods sold through pet specialty stores throughout North America. WellPet’s portfolio of best-in-class brands includes Wellness, Holistic Select, Eagle Pack and Old Mother Hubbard providing a wide variety of dog and cat foods and treats. WellPet is headquartered in Tewksbury, Massachusetts and owns and operates a manufacturing facility near South Bend, Indiana.

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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 15.0B USD
SizeMega
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 20 of 155
Sector (Consumer Products) 4 of 26
Type (Recapitalization) 2 of 3
State (Massachusetts) 2 of 2
Country (United States) 19 of 99
Year (2004) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Kettle Foods, Inc.

Salem, Oregon, United States

Kettle Foods, Inc. is a maker of premium potato chips.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-14 Jarden Corp.

Boca Raton, Florida, United States

Jarden Corp. is a provider of a diverse range of consumer products with a portfolio of over 120 trusted, quality brands sold globally.

Buy $50M