National Post (National Edition)
L CATTERTON EXPLORING OPTIONS TO GO PUBLIC
L Catterton, the private equity firm backed by French billionaire Bernard Arnault and luxury goods empire Louis Vuitton Moet Hennessy, is exploring options to go public, people familiar with the matter say. L Catterton's deliberations come as the shares of publicly listed private equity firms are hovering at record highs. Peers TPG and Bridgepoint Group are preparing for stock market debuts, while Owl Rock Capital Group and Dyal Capital Partners went public in May in a threeway merger with a special purpose acquisition company (SPAC). L Catterton has held discussions with investment banks in recent weeks to evaluate its potential options, which could include an initial public offering or a SPAC merger, the sources said. L Catterton manages more than US$28 billion in assets.