M&A Deal Summary

L Catterton Partners Acquires Stripes

On June 24, 2024, growth capital firm L Catterton Partners acquired consumer products company Stripes

Acquisition Highlights
  • This is L Catterton Partners’ 36th transaction in the Consumer Products sector.
  • This is L Catterton Partners’ 132nd transaction in the United States.
  • This is L Catterton Partners’ 25th transaction in California.

M&A Deal Summary
Date 2024-06-24
Target Stripes
Sector Consumer Products
Buyer(s) L Catterton Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Stripes

Beverly Hills, California, United States
Stripes provides science-backed personal care and beauty products across the categories of nutritional supplements, skincare, haircare, and vaginal wellness. Stripes is based in Beverly Hills, California.

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Buyer(S) 1

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

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 219 of 221
Sector (Consumer Products) 36 of 37
Type (Buyout (LBO, MBO, MBI)) 47 of 47
State (California) 25 of 25
Country (United States) 132 of 133
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 KIKO Milano

Bergamo, Italy

KIKO Milano is an Italian cosmetic and skincare brand with a distinctive product portfolio of high-quality formulations available at an accessible price point. By combining quality and creativity rooted in its Italian heritage, KIKO has captivated the most discerning beauty enthusiasts leveraging an extensive range of shades, tones, and textures to meet all diverse client needs. KIKO also boasts a unique experiential retail network of more than 1,100 stores spanning Europe, Asia, and the Middle East and being present in 66 countries. KIKO Milano was founded in 1997 and is headquartered in Bergamo, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Stenders

Riga, Latvia

Stenders is a premium bath and body care company. The company products are made in Latvia using natural ingredients and include bath bombs, foams, and salts; body butter, creams, lotions, oils, scrubs, and yoghurts, as well as hand creams and lotions. Stenders was founded in 2001 and is based in Riga, Latvia.

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