M&A Deal Summary

Fortune Fountain Capital Financial Group Acquires Baccarat

On June 20, 2018, family office Fortune Fountain Capital Financial Group acquired consumer products company Baccarat from L Catterton Partners and Starwood Capital Group

Acquisition Highlights
  • This is Fortune Fountain Capital Financial Group’s 1st transaction in the Consumer Products sector.
  • This is Fortune Fountain Capital Financial Group’s 1st transaction in France.

M&A Deal Summary

Date 2018-06-20
Target Baccarat
Sector Consumer Products
Buyer(s) Fortune Fountain Capital Financial Group
Sellers(s) L Catterton Partners
Starwood Capital Group
Deal Type Secondary Buyout

Target

Baccarat

Baccarat, France
Baccarat is a provider of home luxury brands and exclusive crystal products. Baccarat was formed in 1764 and is based in Baccarat, France.

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Buyer(S) 1

DESCRIPTION

Fortune Fountain Capital Financial Group is a family office and wealth management firm focused on investment opportunities across Asia, Europe, and North America. Fortune Fountain Capital Financial Group was formed in 2016 and is headquartered in Hong Kong.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 2

SELLER

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 52 of 105
Sector: Consumer Products M&A 8 of 17
Type: Secondary Buyout M&A Deals 11 of 20
Country: France M&A 1 of 1
Year: 2018 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Pibiplast

Correggio, Italy

Pibiplast is a manufacturer of plastic packaging for the pharmaceutical industry. Pibiplast was a first-mover in adopting environmentally friendly packaging solutions. Pibiplast has continued its specialization in the skincare and makeup sectors through strategic acquisitions and investments in state of the art technologies. Pibiplast operates four plants based in Northern Italy, serving more than 500 customers across 35 countries. Pibiplast offers a wide range of products and customized solutions to the cosmetics industry, from the most recognized global brands to emerging independent brands. Pibiplast was founded in 1954 and is based in Correggio, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Secoo

Beijing, China

Secoo operates an integrated online and offline shopping platform in the People's Republic of China, Hong Kong, and internationally. It provides upscale brand products and services, including handbags, watches, clothing, footwear, jewelry and accessories, cosmetics and skincare, home accessories, sportswear, home goods, fine food and beverage products, arts, 3C electronic devices, and Chinese original products, as well as lifestyle services through its website, mobile applications, and offline experience centers. Secoo was founded in 2011 and is based in Beijing, China.

Buy -
SELLER

Starwood Capital Group

Greenwich, Connecticut, United States

Investor


Category Private Equity Real Estate
Founded 1991
PE ASSETS 60.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Starwood Capital Group is a privately held global investment management firm that specializes in real estate related investments across North America, Europe, and Asia. Starwood can invest across the capital structure including equity, preferred equity, mezzanine debt and senior debt. Property types of interest include multifamily, office, retail, hotel, industrial, residential and commercial land, mixed-use and golf. Starwood was formed in 1991. The Firm is affiliated with energy investment group, Starwood Energy Group. Starwood Capital is based in Greenwich, Connecticut with additional offices in San Francisco, Washington DC, Atlanta, London, Paris, Luxembourg, Mumbai and Sao Paulo.


DEAL STATS #
Overall 2 of 3
Sector: Consumer Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 Forestar Group

Arlington, Texas, United States

Forestar Group is a residential and mixed-use development company. The Company owns directly or through ventures interest in 55 residential and mixed-use projects comprised of approximately 7,000 acres of real estate located in 11 states and 15 markets. Forestar also owns about 590,000 net acres of oil and gas fee minerals, principally in Texas, Louisiana, Alabama and Georgia. Forestar Group was founded in 1954 and is based in Arlington, Texas.

Buy $605M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Forestar Group

Arlington, Texas, United States

Forestar Group is a residential and mixed-use development company. The Company owns directly or through ventures interest in 55 residential and mixed-use projects comprised of approximately 7,000 acres of real estate located in 11 states and 15 markets. Forestar also owns about 590,000 net acres of oil and gas fee minerals, principally in Texas, Louisiana, Alabama and Georgia. Forestar Group was founded in 1954 and is based in Arlington, Texas.

Sell -