Venture • Beverages

L Catterton Partners Invests In Heytea

On November 1, 2021, growth capital firm L Catterton Partners invested in beverage company Heytea

Investment Context
  • This is L Catterton Partners’ 10th transaction in the Beverages sector.
  • This is L Catterton Partners’ 11th transaction in China.

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Investment Summary

Date November 1, 2021
Target Heytea
Sector Beverages
Investor(s) L Catterton Partners
Deal Type Venture

Target Company

Heytea

Shenzhen, China
Heytea is a premium tea drink chain in China. The company constantly introduces innovative flavors to delight customers, using the freshest ingredients that are available during each season, and its limited-edition series are especially popular. Heytea was founded in 2012 and is based in Shenzhen, China.
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Investor Overview 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 Context for Investor #
Overall 198 of 223
Sector: Beverages 10 of 10
Type: Venture 27 of 30
Country: China 11 of 14
Year: 2021 19 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Ben & Frank

Mexico City, Mexico

Ben & Frank is a DTC and omnichannel eyewear brand offering high quality prescription glasses and sunglasses at value-oriented prices. Ben & Frank was founded in 2015 and is based in Mexico City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Intercos

Agrate Brianza, Italy

Intercos is a developer, manufacturer, and distributor of cosmetics and skin care products on a business-to-business (B2B) outsourcing basis. Intercos was founded in 1972 and is based in Agrate Brianza, Italy.

Sell -

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