M&A Deal Summary

L Catterton Partners and DVR Capital Acquire Cellularline

On July 2, 2013, growth capital firm L Catterton Partners and merchant bank DVR Capital acquired technology hardware company Cellularline

Acquisition Highlights
  • This is L Catterton Partners’ 4th and DVR Capital’s 1st transaction in the Technology Hardware sector.
  • This is L Catterton Partners’ 2nd and DVR Capital’s 2nd transaction in Italy.
Investment Fate
  • Cellularline went public in 2018.

M&A Deal Summary

Date 2013-07-02
Target Cellularline
Sector Technology Hardware
Buyer(s) L Catterton Partners
DVR Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Cellularline

Reggio Emilia, Italy
Cellularline manufactures and sells accessories for smartphones and tablets in Italy and internationally. It offers protection and style products, such as smartphone cases, tablet cases, smartphone screen protection glasses, tablet screen protection glasses, and airpods cases; and charging and utility products, including car battery chargers, battery chargers, main and portable battery chargers, cables, wireless chargers, in-car holders, adaptors, and accessories. The company also provides voice and sport accessories, such as wired and Bluetooth headsets, earphones, sports cases, Bluetooth speakers; and smart watches. Cellularline was incorporated in 1990 and is headquartered in Reggio Emilia, Italy.

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Buyer(S) 2

Buyer

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 76 of 223
Sector: Technology Hardware M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 31 of 48
Country: Italy M&A 2 of 11
Year: 2013 M&A 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-27 Noodles

Broomfield, Colorado, United States

Noodles is a restaurant concept company, develops and operates fast-casual restaurants in the United States. The company offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. Noodles was founded in 1995 and is based in Broomfield, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-11 Guangdong Marubi Biotechnology

Guangzhou, China

Guangdong Marubi Biotechnology is a domestic brand cosmetics company that operates two uniquely positioned skincare brands in Marubi and Haruki. Guangdong Marubi Biotechnology was founded in 2002 and is based in Guangzhou, China.

Buy -
Buyer
DESCRIPTION

DVR Capital is an Italian merchant bank focused on providing M&A advisory services as well as investing in private equity transactions and real estate. DVR's private equity practice looks to acquired or invest in small to mid-sized consumer oriented Italian companies. The Group will consider both majority and minority situations. DVR Capital was formed in 2007 and is based in Milan.


DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: Italy M&A 2 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-03 Virosac

Treviso, Italy

Virosac is a provider in the production of waste bags, such as biodegradable bags, bags for recycling, and perfumed bags, both domestic and professional. Virosac was founded in 1973 and is based in Treviso, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Cellularline

Reggio Emilia, Italy

Cellularline manufactures and sells accessories for smartphones and tablets in Italy and internationally. It offers protection and style products, such as smartphone cases, tablet cases, smartphone screen protection glasses, tablet screen protection glasses, and airpods cases; and charging and utility products, including car battery chargers, battery chargers, main and portable battery chargers, cables, wireless chargers, in-car holders, adaptors, and accessories. The company also provides voice and sport accessories, such as wired and Bluetooth headsets, earphones, sports cases, Bluetooth speakers; and smart watches. Cellularline was incorporated in 1990 and is headquartered in Reggio Emilia, Italy.

Sell -