M&A Deal Summary

L Catterton Partners Acquires Stenders

On September 9, 2024, growth capital firm L Catterton Partners acquired consumer products company Stenders from BaltCap

Acquisition Highlights
  • This is L Catterton Partners’ 37th transaction in the Consumer Products sector.
  • This is L Catterton Partners’ 1st transaction in Latvia.

M&A Deal Summary

Date 2024-09-09
Target Stenders
Sector Consumer Products
Buyer(s) L Catterton Partners
Sellers(s) BaltCap
Deal Type Secondary Buyout

Target

Stenders

Riga, Latvia
Stenders is a premium bath and body care company. The company products are made in Latvia using natural ingredients and include bath bombs, foams, and salts; body butter, creams, lotions, oils, scrubs, and yoghurts, as well as hand creams and lotions. Stenders was founded in 2001 and is based in Riga, Latvia.

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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 220 of 221
Sector (Consumer Products) 37 of 37
Type (Secondary Buyout) 19 of 20
Country (Latvia) 1 of 1
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Stripes

Beverly Hills, California, United States

Stripes provides science-backed personal care and beauty products across the categories of nutritional supplements, skincare, haircare, and vaginal wellness. Stripes is based in Beverly Hills, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-25 Solidcore

Washington, District of Columbia, United States

Solidcore is a boutique fitness studio concept that uses a resistance-based machine called the Sweatlana to give customers a proven and effective full-body workout. A solidcore workout is a high-intensity, low-impact 50-minute session that is done as slowly as possible to lengthen and tone your body. With countless variations of moves stemming from planks, lunges, and squats, the client's body and mind are challenged in every class. solidcore was founded in 2013 and is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

BaltCap

Vilnius, Lithuania

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BaltCap is a private equity and venture capital group focused on investing in the Baltic States of Latvia, Estonia, and Lithuania. The Firm looks to fund buyouts, buy-ins, and growth capital needs. BaltCap is a generalist investor and will consider opportunities in a wide range of sectors. The Firm will consider both the majority and minority positions. BaltCap was formed in 1995 and has offices in Tallinn, Riga, Vilnius, Helsinki, Stockholm, and Warsaw.


DEAL STATS #
Overall 42 of 42
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 3 of 3
Country (Latvia) 14 of 14
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-23 VKG Elektrivorgud

Narva, Estonia

VKG Elektrivorgud is the second largest regulated distribution network operator in Estonia. Its network operations in northeastern Estonia cover the towns of Narva, Narva-Joesuu, and Sillamäe, as well as surrounding areas with ca 71,000 inhabitants and heavy industry. The grid consists of 946 km of power lines and 374 substations at low, medium and high voltages. VKG Elektrivorgud is based in Narva, Estonia.

Buy -