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L Catterton
L Catterton is a U.S.-headquartered private equity firm. Since 1989, the firm has made more than 250 investments in brands across all segments of the consumer industry. L Catterton is led by its co-Chief Executive Officers, J. Michael Chu and Scott Dahnke.Why A Private Equity Firm Backed By Bernard Arnault Is Putting $400 Million Into Norwegian Cruise Line
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History


Founding & early history

Catterton was founded in 1989 as Catterton-Simon Partners by Frank Vest and
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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Outback Steakhouse
Outback Steakhouse is an American chain of Australian-themed casual dining restaurants, serving American cuisine, based in Tampa, Florida. The chain has over 1,000 locations in 23 countries throughout North and South America, Asia, and Australia. It was founded in March 1988 with its first location in Tampa by Bob Basham, Chris T. Sullivan, Trudy Cooper, and Tim Gannon. It was owned and operated in the United States by OSI Restaurant Partners until it was acquired by Bloomin' Brands, and by other franchise and venture agreements internationally. Canadian Outback Steakhouse restaurants began in 1996. In March 2009, Outback Steakhouse Canada abruptly closed all nine locations in the province of Ontario, citing poor economic conditions, but in June 2009, Outback Steakhouse opened a location in Niagara Falls, Ontario. A second location in Niagara Falls has been opened, but these are the only Outback Steakhouse locations operating in Canada. Outback Steakhouse opened in the UK with ...
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NotCo
NotCo is a unicorn Chilean food-tech company producing plant-based alternatives to animal-based food products. NotCo was founded in 2015 by Matias Muchnick, Pablo Zamora and Karim Pichara and utilizes machine learning to replicate dairy products in plant-based forms. NotCo is Latin America's fastest growing food company. History NotCo was founded in Chile in 2015 by three technologists; Matias Muchnick (CEO), Karim Pichara (CTO), and Pablo Zamora. NotCo is now part-owned by The Craftory, Jeff Bezos' Bezos Expeditions and others. NotCo was created with the view of using artificial intelligence. Its algorithm, Giuseppe, whose first version was created by Karim Pichara, which was patented in 2021, utilizes lists of plant ingredients to find the ideal combinations to recreate specific food attributes. This aims to replicate various food tastes, textures and cooking behaviors. Its NotMilk includes both pineapple and cabbage, allowing it to cook in the same way as cow's milk ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation (Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network for companies ...
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Sweet Leaf Tea Company
Sweet Leaf Tea Company is a producer of ready-to-drink organic branded teas and lemonades, owned by Nestlé and with their headquarters located in the Penn Field Business Park in the South Congress area of Austin, Texas. It was founded in Beaumont, TX in 1998 by Clayton Christopher and David Smith. On April 2, 2008, Sweet Leaf Tea Company announced $18 million in private funding from Catterton Partners. On May 29, 2008, Sweet Leaf Tea Company filed suit against an Arizona-based company for the name of their sweetener, SweetLeaf Stevia. History Sweet Leaf Tea was founded in 1998 in Beaumont, TX by Clayton Christopher, using $10,000 and his grandmother's recipe for home-brewed iced tea made with cane sugar. Early production consisted of brewing tea in crawfish pots in Hen's kitchen, using pillow cases as "tea bags" and; then using garden hoses to transport the tea to plastic bottles. In March 2009, Nestlé Waters North America invested $15.6 million in the company. In 2012, ...
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Il Makiage
Il Makiage is a tech-focused beauty brand based in New York, United States. In May 2020 they launched in the United Kingdom, launched in 2022, Canada in 2020, Germany in November 2020 and Australia in June 2021. Name Origin The name is an intentionally simplified version of the French word ''Maquillage'', meaning "makeup." Company overview Il Makiage was founded in 1972 by New York-based makeup artist Ilana Harkavi. In June 2017, L Catterton purchased a minority stake of the company for $29 million. After the initial investment, brother and sister Oran Holtzman and Shiran Holtzman-Erel, who had previously purchased the brand, re-launched it in 2018 and started its digital approach. Since launching, L Catterton has increased their investment to $44 million. Dmitri Kaplun is the present CEO of the company. Technology The technology uses machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, me ...
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Sweaty Betty
Sweaty Betty is a British retailer specialising in women's activewear, founded by Tamara and Simon Hill-Norton. It has over 50 boutiques in the United Kingdom, six boutiques in the United States and concessions in department stores Harrods and Bloomingdale's. In August 2021, Sweaty Betty was bought by American apparel manufacturer Wolverine World Wide, Wolverine Worldwide. History Sweaty Betty was founded in 1998 by Tamara and Simon Hill-Norton with one boutique in London's Notting Hill. By 2003, the company had expanded to five boutiques. In 2006, Sweaty Betty opened their first concession in Selfridges and now feature in the in-store Body Studio – this was later followed by one in Harrods. , there were over 40 Sweaty Betty boutiques around the UK, 6 in the US and 4 department store concessions as well as a British and American online store. In 2019, Sweaty Betty's website was targeted by cyber-criminals, who inserted malicious code into its eCommerce website to capture ...
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Vroom (company)
Vroom, Inc. is a New York City-based used car retailer and e-commerce company that lets consumers buy, sell, and finance cars online. History The company was founded in August 2013 by Kevin Westfall and Marshall Chesrown as AutoAmerica. In November 2014, Elie Wurtman and Allon Bloch joined as co-founders to transform the company into a technological platform and the company was renamed Vroom. It also has a refurbishment facility in Stafford, Texas and was included on Forbes’ list of the Hottest E-Commerce Startups of 2015. Vroom's current CEO is Tom Shortt. He succeeded Paul Hennessy, who was previously the CEO of Priceline.com. In December 2015, the company acquired Texas Direct Auto, a Houston-based company founded in 2002 that is now owned by Vroom but operates as a separate brand. The combined company is profitable and reached $900 million in revenue in 2015. In February 2018, Vroom closed operations in its Whitestown, Indiana facility and laid off approximately 25% of ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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DealStreetAsia
DealStreetAsia is a Singapore-based financial news website, founded in 2014 by Joji Thomas Philip. It is a financial news platform tracking private equity, venture capital activity, deal flows, initial public offers, investments, fund-raising, startups and targets to be the go-to destination portal for deal activity in Asia. Headquartered in Singapore, DEALSTREETASIA has a team of 30+ spread out across Indonesia, the Philippines, Vietnam, HK, China, India, Taiwan, Malaysia and Thailand. The portal's focus on breaking news and exclusives and big picture coverage helps it differentiate itself in an aggregation-dominant market. In 2019, the Financial Times's owner Nikkei, Inc. purchased a majority stake in the company, and existing stakeholders Singapore Press Holdings, North Base Media, Alpha JWC, SGAN, Vijay Sharma, K2 Global founder Ozi Amanat, Jim Rogers and others achieved multiple returns on their investment. India's Mint (Hindustan Times) continues to remain a shareholder. T ...
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