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  6. L Catterton Partners Invests In 98point6

Investment Summary

L Catterton Partners Invests In 98point6

On October 15, 2020, growth capital firm L Catterton Partners invested in healthcare services company 98point6

Investment Highlights
  • This is L Catterton Partners’ 10th transaction in the Healthcare Services sector.
  • This is L Catterton Partners’ 109th transaction in the United States.
  • This is L Catterton Partners’ 3rd transaction in Washington.
Investment Fate
  • 98point6 was sold to a strategic buyer in 2023.

Investment Summary
Date 2020-10-15
Target 98point6
Sector Healthcare Services
Investor(s) L Catterton Partners
Deal Type Venture

Target

98point6

Seattle, Washington, United States
98point6 is a virtual clinic provides primary care delivered by U.S. board-certified physicians who are empowered to diagnose, treat, prescribe, order labs and follow up with patients via our AI-powered, text-based mobile platform. 98point6 was founded in 2015 and is based in Seattle, Washington.

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Investor(S) 1

Investor

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 176 of 223
Sector: Healthcare Services M&A 10 of 10
Type: Venture M&A Deals 19 of 30
State: Washington M&A 3 of 3
Country: United States M&A 109 of 134
Year: 2020 M&A 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 iFIT

Logan, Utah, United States

iFIT is a global health and fitness technology company that provides unmatched fitness experiences and solutions to its growing community of millions of engaged members across 120 countries. iFIT’s industry-leading brands NordicTrack, ProForm, and Freemotion are powered by the iFIT integrated health and fitness platform, which seamlessly connects the company’s proprietary software, experiential content, and interactive hardware. iFIT offers immersive, adaptive, personalized subscription workout experiences for every fitness level and interest. iFIT delivers these patented interactive experiences through an extensive offering of live and on-demand content across a full range of fitness modalities. iFIT was founded in 1977 and is based in Logan, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 Alasko

Saint-Léonard, Quebec, Canada

Alasko specializes in importing, distributing, and marketing high-quality frozen fruits and vegetables from around the world. The company has the broadest product offering with more than 230 SKUs serving all distribution channels. Alasko was founded in 1989 and is based in Montreal, Quebec.

Sell -
Mergr

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