National Post (National Edition)

L CATTERTON EXPLORING OPTIONS TO GO PUBLIC

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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.

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