In order to increase presence in snacking and baking products, L Catterton, has completed the previously-announced acquisition of Kodiak Cakes. Utah based Kodiaks product portfolio includes protein-powered pancake and waffle mixes, frozen waffles and pancakes, oatmeal, baking mixes, and a variety of snacking products.
- Kodiak Cakes, a fast-growing food business built on a mission to inspire healthier eating and active living.
- Kodiak Cakes has headquartered in Park City, Utah, Kodiak
The major investments and deal by L Catterton are mentioned below:
Jan 2021: To expand in French casual outerwear market L Catterton had acquired a controlling interest in Just Over The Top (“”JOTT””). JOTT is a leading French urban casualwear brand offering functional, comfortable, and versatile clothes, most notably its distinct line of light down jackets.
Nov 2020: The leading consumer-focused private equity firm L Catterton had completed the sale of a hot sauce producer and distributor Cholula, to McCormick & Company, Incorporated for approximately $800 million
Aug 2020: L Catterton announced a private placement of $150 million in Despegar.com to purchase preferred stock plus ordinary shares of the company. Despegar.com is a leading online travel agency in Latin America.
June2020: L Catterton had announced an investment of $285 million in Indias leading digital services platform Jio Platforms Limited a wholly-owned subsidiary of Reliance Industries.
March 2020: L Catterton had announced a strategic minority equity investment in the world’s largest optometrist-controlled eye care company FYidoctors. Even after this partnership FYidoctors management and optometrist shareholders will continue to hold a significant equity interest in the business.
About L Catterton
L Catterton, headquartered in Connecticut, United States, is one of the largest and most global consumer-focused private equity firm. The company has around 17 offices worldwide and it has made approximately 200 investments in leading consumer brands across all segments of the consumer industry.
L Catterton’s operating professionals and management team partners with clients around the world to implement strategic plans to foster growth, leveraging deep category insight, and operational excellence. L Catterton has long experience investing in consumer healthcare brands, including investments in CareDent, Pain Doctor, dentalcorp, Laboratorio da Mulher, FEMME, and PatientPoint. In addition to FEMME, other L Catterton Latin America investments include Bodytech (Colombia), Cholula, Espaçolaser, Grupo MYT, Grupo St. Marche, Luigi Bosca, Susana Balbo Wines, and Rapsodia