Investment Summary

L Catterton Partners and Riverwood Capital Invest In Enjoy

On August 27, 2019, growth capital firm L Catterton Partners and private equity firm Riverwood Capital invested in retailer Enjoy

Investment Highlights
  • This is L Catterton Partners’ 11th and Riverwood Capital’s 1st transaction in the Retail sector.
  • This is L Catterton Partners’ 101st and Riverwood Capital’s 24th transaction in the United States.
  • This is L Catterton Partners’ 18th and Riverwood Capital’s 14th transaction in California.
Investment Fate
  • Enjoy was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2019-08-27
Target Enjoy
Sector Retail
Investor(s) L Catterton Partners
Riverwood Capital
Deal Type Growth Capital

Target

Enjoy

Palo Alto, California, United States
Enjoy is a technology-powered platform reinventing "Commerce at Home" to bring the best of the store directly to the customer. Enjoy operate mobile retail stores for our partners across the US, UK, and Canada. Enjoy was established in 2014 and is based in Palo Alto, California.

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Investor(S) 2

Investor

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B 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 159 of 223
Sector: Retail M&A 11 of 13
Type: Growth Capital M&A Deals 65 of 91
State: California M&A 18 of 25
Country: United States M&A 101 of 134
Year: 2019 M&A 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 Peloton

New York, New York, United States

Peloton is reinventing fitness by bringing live and on-demand boutique-style studio classes to the convenience and comfort of your own home. Its immersive fitness content, taught by Peloton’s roster of elite instructors, features real-time motivation and curated playlists of Members’ favorite artists. The Peloton experience can be accessed through the Peloton Bike, the Peloton Tread, or Peloton Digital, an iOS app that offers an all-access pass to a full slate of fitness offerings, anytime, anywhere. Peloton is changing the way people get fit through a comprehensive and socially connected experience that makes every workout both efficient and addictive. Peloton was founded in 2012 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Boll & Branch

Summit, New Jersey, United States

Boll & Branch is a textile company involved in the manufacturing and marketing of bedding and linens. Boll & Branch is a consumer of Fair Trade Certified organic cotton and prioritizes the wellbeing of farmers and factory workers around the world. Boll & Branch was founded in 2014 and is based in Summit, New Jersey.

Buy -
Investor

Riverwood Capital

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Riverwood Capital is a tech-focused on private equity firm. Riverwood will consider investment opportunities across North and South America and looks for situations where the firm can commit $25 to $125 per transaction. Prospective transaction situations include growth capital financings, carve-outs, consolidations, and buyouts. Specific areas of interest include IT, communications, technology hardware, electronics, software, and digital media. Riverwood Capital was formed in 2008 and is based in Menlo Park, California.


DEAL STATS #
Overall 36 of 46
Sector: Retail M&A 1 of 1
Type: Growth Capital M&A Deals 18 of 22
State: California M&A 14 of 17
Country: United States M&A 24 of 29
Year: 2019 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 RD Station

Florianopolis, Brazil

RD Station is a provider of marketing automation and CRM SaaS to SMB customers in Brazil. The company provides a cloud software platform to attract, manage and convert marketing leads, including lead generation, lead nurturing and analytics tools. RD Station was established in 2011 and is based in Florianopolis, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Kiteworks

San Mateo, California, United States

Kiteworks provides enterprise-class mobile file sharing solutions to enable secure, anytime, anywhere access to information while ensuring enterprise security and compliance. Kiteworks was founded in 1999 and is based in San Mateo, California.

Sell -