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Private Equity Firm L Catterton Sets $7.8 Billion Fundraising Goal

Birkenstock storefront
L Catterton took a controlling stake in Birkenstock in 2021. (Getty Images)

The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion, the Wall Street Journal reported. The firm also hopes to raise an additional $1.25 billion, which will be dedicated to a growth-investment fund.

The news follows a dizzying year in fundraising and deal-making in the venture capital and private equity world and precedes a year in which the world’s economy is expected to expand. L Catterton, formed in 2016 when private equity firm Catterton, the Arnault family holding company Groupe Arnault and LVMH joined forces, holds a controlling stake in or ownership of brands including Etro and Birkenstock while backing DTC names such as Everlane.

Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholder’s documentation guaranteeing BoF’s complete editorial independence.

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How L Catterton Really Won Birkenstock

The story behind CEO Oliver Reichert’s manoeuvres to get the LVMH-backed private equity firm to buy the footwear maker for more than €4 billion.


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