M&A Deal Summary

Don t Quit Acquires X2 Performance

On March 30, 2023, Don t Quit acquired beverage company X2 Performance from L Catterton Partners

Acquisition Highlights
  • This is Don t Quit’s 1st transaction in the Beverages sector.
  • This is Don t Quit’s 1st transaction in the United States.
  • This is Don t Quit’s 1st transaction in Florida.

M&A Deal Summary
Date 2023-03-30
Target X2 Performance
Sector Beverages
Buyer(s) Don t Quit
Sellers(s) L Catterton Partners
Deal Type Merger

Target

X2 Performance

Miami Gardens, Florida, United States
X2 Performance is a beverage and supplement compan. X2 Performance is based in Miami Gardens, Florida.

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Buyer(S) 1

Buyer

Don t Quit

Los Angeles, California, United States
Category Company
Sector Beverages
DESCRIPTION

Don't Quit is one of the fastest growing sports nutrition brands featuring Clean / Healthy Sports Energy + Hydration Drinks, Protein Drinks, and Adult Nutrition Shakes. Don't Quit is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

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 96 of 101
Sector (Beverages) 5 of 5
Type (Merger) 4 of 4
State (Florida) 5 of 5
Country (United States) 71 of 75
Year (2023) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 98point6

Seattle, Washington, United States

98point6 is a virtual clinic provides primary care delivered by U.S. board-certified physicians who are empowered to diagnose, treat, prescribe, order labs and follow up with patients via our AI-powered, text-based mobile platform. 98point6 was founded in 2015 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 DIBS Beauty

Austin, Texas, United States

DIBS Beauty is an operator of a cosmetics brand that provides makeup essentials. DIBS Beauty was founded in 2021 and is based in Austin, Texas.

Buy -
Mergr

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