M&A Deal Summary

L Catterton Partners Acquires Birkenstock Digital

On February 26, 2021, growth capital firm L Catterton Partners acquired apparel/textiles company Birkenstock Digital

Acquisition Highlights
  • This is L Catterton Partners’ 22nd transaction in the Apparel/Textiles sector.
  • This is L Catterton Partners’ 2nd transaction in Germany.

M&A Deal Summary

Date 2021-02-26
Target Birkenstock Digital
Sector Apparel/Textiles
Buyer(s) L Catterton Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Birkenstock Digital

Linz am Rhein, Germany
Birkenstock Digital is a shoe manufacturer. Birkenstocks, a German brand of sandals, and other shoes notable for their contoured cork footbeds (soles) made with layers of suede and jute, which conform somewhat to the shape of their wearers' feet. Birkenstock Digital was founded in 1774 and is based in Linz am Rhein, Germany.

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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 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 183 of 223
Sector: Apparel/Textiles M&A 22 of 26
Type: Buyout (LBO, MBO, MBI) M&A Deals 43 of 48
Country: Germany M&A 2 of 3
Year: 2021 M&A 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Savage X Fenty

El Segundo, California, United States

Savage X Fenty is a lingerie brand to celebrate fearlessness and confidence. Savage X Fenty offers nightwear, and underwear that embraces diversity in every form, enabling women and men of all sizes, skin tones, and ages, including pregnant women. Savage X Fenty was founded in 2018 and is based in El Segundo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Naya Waters

Montreal, Quebec, Canada

Naya Waters is a bottled water company in canada specializing in the production of natural spring water and spring-water based drinks with a focus on environmental sustainability. Naya Waters is based in Montreal, Quebec.

Sell -