Hints and tips:
...L Catterton said in a statement that the “delisting is a precondition to ensure the pursuit of the [Tod’s] future growth programs [sic] and consolidation . . ....
...That would bring them back to where they were a decade ago. Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues....
...That partner has now arrived in the form of LVMH-backed private equity firm L Catterton and a deal that will bring down the curtain on Tod’s more than two decades as a public company on the Milan stock exchange...
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...That all changed last March, when a majority stake was sold to the LVMH-backed private equity firm L Catterton (the terms of the deal were undisclosed)....
...It took private equity money for the first time when L Catterton bought a majority stake in the company in 2021 in a deal valuing Birkenstock at €4bn....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Birkenstock, which traces its roots back to 1774, took private equity money for the first time when L Catterton bought a majority stake in a €4bn deal in 2021....
...L Catterton, which is backed by French luxury fashion house LVMH, bought a majority stake in a €4bn deal in 2021 — the first time Birkenstock had taken private equity financing....
...The deal raised almost $1.5bn for the company and L Catterton, its private equity owner. About a third of the proceeds will be used by the company to repay debt, with the rest going to L Catterton....
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
...Two members of the Birkenstock family retain a minority share. L Catterton declined to comment....
...Italian entrepreneur Diego Della Valle, the controlling shareholder of Tod’s, has teamed up with LVMH-backed private equity group L Catterton with a bid to take the luxury shoemaker private....
...Birkenstock’s public debut will raise about $1.5bn, with a third of the proceeds going to the company to repay debt and the rest going to private equity owner L Catterton....
...Dr Martens, which has scarcely put a foot right since it was floated by private equity house Permira in 2021, trades at 7.5 times ebitda. L Catterton may have to accept a discount....
...Birkenstock plans to price its shares between $44 and $49 each in its upcoming initial public offering in New York, pressing ahead with plans for a market debut after the US narrowly averted a government...
...This business is aiming to merge with L Catterton Asia Acquisition Corp, a special purpose acquisition vehicle, or Spac, listed on the Nasdaq exchange and founded by LVMH-backed investment group L Catterton...
...If L Catterton decided to go ahead with the listing, Birkenstock could be valued at more than $8bn, the people said....
...L Catterton has close ties to luxury group LVMH and significant experience investing in fitness companies....
...CVC Capital Partners, General Atlantic and L Catterton are among the prominent private equity groups considering going public, the Financial Times has previously reported....
...A valuation topping $9bn would mark an impressive outcome for L Catterton, which is backed by the French luxury fashion house LVMH....
...co-founder of Vivek Ramaswamy’s ESG-bashing investment group Strive on stage with sustainable investing heretic Tariq Fancy, the director of ESG engagement at credit firm DSC Meridian Capital, and an L Catterton...
...The carmaker expects to list shares through a reverse merger with LVMH-backed investment group “L Catterton Asia Acquisition Corp” by the end of the year....
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