Investment Summary

L Catterton Partners and Sorenson Capital Invest In Zarbee s

On September 30, 2011, growth capital firm L Catterton Partners and private equity firm Sorenson Capital invested in life science company Zarbee s

Investment Highlights
  • This is L Catterton Partners’ 1st and Sorenson Capital’s 1st transaction in the Life Science sector.
  • This is L Catterton Partners’ 46th and Sorenson Capital’s 16th transaction in the United States.
  • This is L Catterton Partners’ 2nd and Sorenson Capital’s 9th transaction in Utah.
Investment Fate
  • Zarbee s was sold to a publicly-traded strategic buyer in 2018.

Investment Summary

Date 2011-09-30
Target Zarbee s
Sector Life Science
Investor(s) L Catterton Partners
Sorenson Capital
Deal Type Stake Purchase

Target

Zarbee s

South Jordan, Utah, United States
Zarbee's, Inc. is a manufacturer of natural OTC medicines for a wide variety of common ailments as well as immunity boosting products. Zarbee's, Inc. was founded in 2008 and is based in South Jordan, Utah.

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Investor(S) 2

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 56 of 223
Sector: Life Science M&A 1 of 1
Type: Stake Purchase M&A Deals 4 of 13
State: Utah M&A 2 of 5
Country: United States M&A 46 of 134
Year: 2011 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 Genesis Luxury Fashion Pvt.

Gurgaon, India

Genesis Luxury Fashion Pvt. Ltd. is a distributor of high-end fashion brands in India and represents/partners with leading global trends such as Armani, Bottega Veneta, Cavalli, Jimmy Choo, Michael Kors, etc for India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Penumbra Brands

Encinitas, California, United States

Penumbra Brands is a developer of wireless devices to interact optimally with both wireless networks and users. Penumbra Brands was founded in 2008 and is based in Encinitas, California.

Buy -
Investor

Sorenson Capital

Lehi, Utah, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sorenson Capital is a private equity firm that seeks to support buyout and growth capital financings of lower middle-market companies. Sorenson invests across a broad range of industries and generally pursues companies with significant market share, high barriers to entry, fragmented industry competition, motivated managment, and sustainable pricing and profit margins. Target businesses typically have sales of $30 to $300 million with earnings of $3 to $25 million. Sorenson's geographic preference is for opportunities in the Mountain West and West Coast regions of the US. Sorenson raised its inaugural fund in 2004 and is based in Lehi, Utah.


DEAL STATS #
Overall 17 of 48
Sector: Life Science M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Utah M&A 9 of 21
Country: United States M&A 16 of 46
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-14 Mountain City Meat Co.

Denver, Colorado, United States

Mountain City Meat Company is one of the largest independent ?further processing? beef plants in the US, with major plants in Denver and Nashville that allow the company to provide nationwide programs. The company buys partially processed beef from the major packing plants and creates a broad range of value-added, custom steak cuts and ground beef products for restaurant, food-service, and retail customers. Its products are highly customized to meet customer-specific size, portioning, shape, filling, flavoring, packaging, or branding needs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 BambooHR

Draper, Utah, United States

BambooHR is a provider of cloud-based HR software to the SMB market. The company offers a suite of software tools that simplifies the way modern HR professionals manage their data and processes. BambooHR was founded in 2008 and is based in Draper, Utah.

Buy -