- Catterton Partners
Infobox_Company
company_
company_name = Catterton Partners
company_type = Private Ownership
founder = Frank Vest, Michael Chu, Scott Dahnke
foundation =1990
location =
industry =Private Equity
products = Private equity funds,Leveraged buyout s
assets = $2.0 billion [Funds raised since inception]
homepage = [http://www.cattertonpartners.com/ www.cattertonpartners.com]Catterton Partners is a
private equity firm specializing inleveraged buyout s, recapitalizations andgrowth capital investments in middle-market companies. The firm has historically focused on several consumer focused industries particularly food and beverage; retail and restaurants and consumer products (both durable and non-durable).The firm, founded in
1990 is based inGreenwich, Connecticut and has more than 25 investment professionals.History
The firm, founded in
1990 by was originally known as Catterton-Simon Partners.In 1990, the founders of Catterton, Frank Vest, Michael Chu and Scott Dahnke, partnered with former US
Secretary of the Treasury William E. Simon to form what was then known as Catterton-Simon Partners. Simon, the chairman of private investment company,Wesray Corporation , had gained prominence as a buyout investor in the early 1980s after the acquisition of Gibson Greetings, a producer of greeting cards. The success of the Gibson Greetings investment and the subsequent buyout ofAtlas Van Lines were among the first deals to attract the attention of the wider media to the nascent boom in leveraged buyouts. [Taylor, Alexander L. " [http://www.time.com/time/magazine/article/0,9171,951242,00.html Buyout Binge] ". TIME magazine, Jul. 16, 1984.]Since its inception, Catterton has raised seven private equity funds. In its first five years, Catterton focused exclusively buyouts, acquisitions, recapitalizations and turnarounds in the beverage industry. As the firm matured, its focused widened to encompass a larger array of consumer products companies and the firm has made substantial investments in retail and restaurant busiensses most notably with the acquisition of
OSI Restaurant Partners (Outback Steakhouse ) andRestoration Hardware .* Catterton-Simon Partners I - $11.25 million (1990)
* Catterton-Simon Partners II - $50 million (1993)
* Catterton-Simon Partners III - $100 million (1996)
* Catterton Partners IV - $400 million (2000)
* Catterton Partners V - $650 million (2004)
* Catterton Partners VI - $1.0 billion (2006)
* Catterton Growth Partners - $300 million, focused ongrowth capital (2008) [ " [http://dealbook.blogs.nytimes.com/2008/05/02/catterton-closes-300-million-consumer-growth-fund/ Catterton Closes $300 Million Consumer Growth Fund] ". New York Times Deal Book, May 2, 2008]With its fourth fund, the firm dropped "Simon" from the name after severing direct investment ties with
William E. Simon whose firm William E. Simon & Sons had migrated primarily toward investments in late-stage venture capital. Although Simon remained an investor in Catterton funds, he did not serve as an investment professional.Investments
Current Investments
The following are some of Catterton's current and former portfolio companies (as of mid-2008):
*OSI Restaurant Partners (Outback Steakhouse ) [" [http://www.nytimes.com/2006/11/07/business/07food.html Parent of Outback Steakhouse Is Sold in $3.2 Billion Deal] ".New York Times , November 7, 2006]*
Restoration Hardware [ " [http://www.nytimes.com/2007/11/27/business/27sears.html Sears Bids $269 Million for Restoration Hardware] ".New York Times , November 27, 2007] [ " [http://dealbook.blogs.nytimes.com/2007/11/26/sears-says-tentative-restoration-bid-was-stymied/ ‘Go Shop’ or No Shop? Sears Criticizes Restoration Board] ". New York Times Deal Book, November 26, 2007] [ " [http://dealbook.blogs.nytimes.com/2008/02/21/whither-the-restoration-hardware-buyout/?scp=3-b&sq=catterton&st=nyt Whither the Restoration Hardware Buyout?] ".New York Times , February 21, 2008]*
Farley's & Sathers Candy Company, Inc. [ " [http://query.nytimes.com/gst/fullpage.html?res=9C00E6DC1430F934A35756C0A9649C8B63 COMPANY NEWS; HERSHEY WILL SELL CHUCKLES AND SOME OTHER BRANDS] ".New York Times , May 7, 2002]*Culinary Concepts by Jean-Georges [ " [http://www.nytimes.com/2006/09/03/realestate/commercial/03sqft.html What’s the Bigger Brand: The Hotel or Its Chef?] ".
New York Times , September 3, 2006]Former Investments
*
Build-A-Bear Workshop
*P. F. Chang's China Bistro
*Kettle Foods
*Frédéric Fekkai
*Odwalla
*Caribou Coffee
*Jarden
*Wellness Pet Food
*Halston [ " [http://query.nytimes.com/gst/fullpage.html?res=9B04E7D61E3FF93BA15757C0A96E958260 Halston Dusts the Ashes From Its Hem Once More] ".New York Times , April 28, 1998]References
*" [http://query.nytimes.com/gst/fullpage.html?res=990CE7D81138F932A05752C0A963958260&scp=1&sq=catterton&st=nyt Gourmet Food Stores Merge ] ".
New York Times , January 31, 1995External links
* [http://www.cattertonpartners.com/ Catterton Partners]
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