Investment Summary

L Catterton Partners Invests In NotCo

On September 9, 2020, growth capital firm L Catterton Partners invested in food company NotCo

Investment Highlights
  • This is L Catterton Partners’ 15th transaction in the Food sector.
  • This is L Catterton Partners’ 1st transaction in Chile.

Investment Summary
Date 2020-09-09
Target NotCo
Sector Food
Investor(s) L Catterton Partners
Deal Type Venture

Target

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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Investor(S) 1

Investor

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 173 of 221
Sector (Food) 15 of 19
Type (Venture) 17 of 30
Country (Chile) 1 of 1
Year (2020) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 Despegar.com

Buenos Aires, Argentina

Despegar.com is an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications. Despegar.com 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-11 Everlane

San Francisco, California, United States

Everlane is an online clothing retailer that offers consumers with well-designed, quality clothing and accessories at transparent price. Everlane was founded in 2010 and is based in San Francisco, California.

Buy -
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