LVMH-Backed L Catterton in Talks to Go Public

    • L Catterton, a private equity firm backed by LVMH and its CEO Bernard Arnault, is in talks with investment banks to go public.
    • The firm is considering both an IPO and a SPAC merger.

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A big name in private equity could hit the public market.

L Catterton, backed by Louis Vuitton Moet Hennessy and its CEO Bernard Arnault, is in talks with investment banks to go public, according to Reuters. 

Both an IPO and a SPAC merger are on the table as potential options. 

The consumer brand-focused fund has $28 billion in assets under management. It holds majority stakes in at least 54 companies, including Birkenstock and apparel maker 2XU.

Its minority investments include:

  • Peloton
  • Equinox
  • Fitness and wellness network companies ClassPass and Xponential
  • Apparel brand Sweaty Betty
  • At-home fitness companies Hydrow and Tonal
  • At least 60 other companies, including Honest, Vroom, and Savage Fenty

L Catterton was founded in 2016 by private equity firm Catterton, Louis Vuitton owner LVMH, and Groupe Arnault, the holding company for the Arnault family. Bernard Arnault is among the world’s wealthiest individuals, with a net worth of $186.3 billion, per Forbes.

Discussions are still in the exploratory stages, and no course of action has been finalized for L Catterton. 

Dyal Capital Partners, the one private equity firm currently permitted to invest in multiple NBA teams, went public in May through a SPAC merger.