L Catterton

L Catterton operates as a leading global private equity firm dedicated exclusively to the consumer goods and services sector. The organization traces its origins to 1989 when Michael Chu established the firm as Catterton Partners from its base in Greenwich, Connecticut. Over more than three decades, the team executed over 300 investments targeting companies across diverse segments including apparel, food and beverage, beauty, home goods, and fitness.

A pivotal shift occurred in 2016 when the firm merged with the family office of Bernard Arnault and LVMH. This partnership rebranded the entity as L Catterton while maintaining an independent investment mandate. The alliance provides access to premium brand management techniques and supply chain resources within the luxury conglomerate ecosystem.

Under the leadership of CEO Scott Dahnke and Chairman Michael Chu, the firm manages approximately $39 billion in equity capital. In June 2024, Private Equity International ranked L Catterton number 39 among the world's largest private equity firms. Recent activity includes a September 2026 consortium deal to acquire a majority stake in the fitness racing brand Hyrox, valued at roughly €600 million. [edit]