M&A Deal Summary

L Catterton Partners Acquires Boll & Branch

On August 29, 2019, growth capital firm L Catterton Partners acquired apparel/textiles company Boll & Branch from Silas Capital

Acquisition Highlights
  • This is L Catterton Partners’ 19th transaction in the Apparel/Textiles sector.
  • This is L Catterton Partners’ 102nd transaction in the United States.
  • This is L Catterton Partners’ 3rd transaction in New Jersey.

M&A Deal Summary

Date 2019-08-29
Target Boll & Branch
Sector Apparel/Textiles
Buyer(s) L Catterton Partners
Sellers(s) Silas Capital
Deal Type Secondary Buyout

Target

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.

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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 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 160 of 221
Sector (Apparel/Textiles) 19 of 25
Type (Secondary Buyout) 12 of 20
State (New Jersey) 3 of 3
Country (United States) 102 of 133
Year (2019) 11 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 City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Barcelona Wine Bar

Norwalk, Connecticut, United States

Barcelona Wine Bar operates chain of wine bars focused on Spanish cuisine. Barcelona Wine Bar offers a seasonal, chef-driven menu combining bold flavors and unique specialties from Spain with a wine program that offers extensive selections from Spain and South America. Barcelona Wine Bar was founded in 1995 and is based in Norwalk, Connecticut.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Silas Capital is a growth equity investment firm focused on the consumer sector. Silas looks to invest $3 to $15 million in fast-growing, US-based companies with $5 to $25 million in revenue. Specific areas of interest include specialty consumer products, consumable goods, e-commerce, consumer services, mobile applications, and consumer retail. Silas Capital was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 5 of 8
Sector (Apparel/Textiles) 2 of 3
Type (Secondary Buyout) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 5 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Herbivore

Seattle, Washington, United States

Herbivore offers an assortment of non-toxic, therapeutic products crafted with its iconic minimalist aesthetic. Herbivore Botanicals' line of 35+ SKUs ranges from skincare to bath & body, formulated with pure, active, highly concentrated vitamins, minerals, and botanicals. Herbivore was founded in 2011 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Founders Table Restaurant Group

Rye Brook, New York, United States

Founders Table Restaurant Group create, acquire, and cultivate innovative and profitable founder-led restaurant companies. Founders Table Restaurant Group was founded in 2020 and is based in Rye Brook, New York.

Buy -