Investment Summary

L Catterton Partners Invests In Despegar.com

On August 21, 2020, growth capital firm L Catterton Partners invested in internet software and services company Despegar.com

Investment Highlights
  • This is L Catterton Partners’ 6th transaction in the Internet Software and Services sector.
  • This is L Catterton Partners’ 4th transaction in Argentina.
Investment Fate
  • Despegar.com was sold to a consortium of buyers in 2024.

Investment Summary

Date 2020-08-21
Target Despegar.com
Sector Internet Software and Services
Investor(s) L Catterton Partners
Deal Type Stake Purchase

Target

Despegar.com

Buenos Aires, Argentina
Despegar.com is an online travel company that provides a range of travel and travel-related products through its Websites and mobile applications. It offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace. Despegar.com was incorporated in 1999 and is based in Buenos Aires, Argentina.

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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 172 of 223
Sector: Internet Software and Services M&A 6 of 11
Type: Stake Purchase M&A Deals 12 of 13
Country: Argentina M&A 4 of 4
Year: 2020 M&A 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Public Goods

New York, New York, United States

Public Goods offers members access to a line of thoroughly researched, high-quality essential products that are well-designed, eco-friendly, and at competitive price points. Public Goods was formed in 2015 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 NotCo

Santiago, Chile

NotCo is a food-tech company that leverages machine-learning to develop delicious, sustainable, plant-based products. The Company uses machine learning algorithms to accelerate the Company’s R&D efforts by understanding food at a molecular level in order to perfectly mimic traditionally animal-based products. NotCo's key products include NotMilk, NotBurger, NotIceCream and NotMayo which are available through key retailers and leading food service chains across Latin America and the United States. NotCo was founded in 2015 and is based in Santiago, Chile.

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