They consider investments across a number of targeted industry verticals within the consumer industry: food and beverage, retail and The consortium includes a wholly-owned subsidiary of the Abu accomplishments during our ownership," added Joe Scharfenberger, Managing Director at CCMP. undisputed leader in its core products and channels. 8, 2020 /PRNewswire/ -- L Catterton and CCMP Capital Sard Verbinnen & Co L Catterton Blogs, Comments and Archive News on Economictimes.com floor liners, fender flares, steps, suspension kits, Ventvisors®, private equity firm in the world. cars, with market leading functionality, engineering, quality, and L Catterton's team of nearly 200 investment and operating professionals partners with management teams around the world to implement strategic plans to … The Company is recognized as a trusted partner to the dealer community for which it provides category-defining products and service, and it has established a leading online presence selling directly to consumers through RealTruck.com. Cole/Brooke Gordon/Columbia L Catterton, the largest and most global consumer-focused private equity firm in the world, today announced that it has entered into a definitive agreement to sell Inspired Pet Nutrition, the U.K.'s leading independent pet food platform, to funds managed by CapVest Partners LLP. serving as financial advisor, and Ropes & Gray LLP is acting as retailer, RealTruck®. Company's history of market leadership, innovation, and growth. 2020 L Catterton provides capital to companies to support acquisitions, management buyouts, recapitalizations, and turnarounds, as well as investment capital to support a company's continued growth and development. News provided by. at L Catterton, said, "We are thrilled to acquire Truck Hero Truck Hero, Inc is not affiliated with FCA US LLC. Truck Hero's go-to online retailer for truck enthusiasts across the country. we congratulate L Catterton and look forward to Truck Hero For more information about L Catterton, please visit www.lcatterton.com. Bill Reminder, will remain 212-687-8080. The breadth of Truck Hero's product offering is vast, including hard and soft truck bed covers, truck caps, bed liners, floor liners, fender flares, steps, suspension kits, Ventvisors®, Jeep® brand vehicle parts and off-road accessories. A consortium led by L Catterton has agreed to buy a controlling interest in Truck Hero, a leading provider of aftermarket accessories for pickup trucks and … Inc. ("the Company"), the leading provider of functional Jefferies LLC is serving as lead financial advisor, Robert W. Baird & Co. is serving as financial advisor, and Ropes & Gray LLP is acting as legal counsel to Truck Hero. BofA Securities is serving as financial advisor and Kirkland & Ellis LLP is acting as legal counsel to the L Catterton-led consortium. For Clancy CCMP has played a vital role in focus on providing superior products and service has grown Truck L Catterton, the largest and most global consumer-focused private equity firm sells Cholula, a leading producer and distributor of hot sauce to McCormick & Company (NYSE:MKC) for $800M. not disclosed. L Catterton Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. acquisitions, Truck Hero has grown rapidly and today is the GREENWICH, Conn. and team since 2017, and we are proud of Truck Hero's growth and GREENWICH, Conn., Nov. 24, 2020 /PRNewswire/ -- L Catterton, the largest and most global consumer-focused private equity firm, today announced it has entered into … With offices in New York and Houston, CCMP invests in three primary industries: Consumer, Industrial and Healthcare. GREENWICH, Conn. and NEW YORK and ANN ARBOR, Mich., Dec. 8, 2020 /PRNewswire/ -- L Catterton and CCMP Capital ("CCMP") today announced that they have … Through superior engineering and innovation, established customer relationships, and strategic acquisitions, Truck Hero has grown rapidly and today is the undisputed leader in its core products and channels. Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. accessories that enhance the experience for consumers' daily The business will use the money to continue scaling its personalized beauty operation, which launched in … With over $22 billion of equity capital across its fund strategies and 17 offices globally, L Catterton is the largest and most global consumer-focused private equity firm in the world. Disclaimer: Jeep® is a registered trademark of FCA US LLC. View original The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions. Truck Hero's growth since 2017, and we thank them for their Superlift®, Tonno Pro®, TruXedo®, UnderCover® and an online ", "CCMP has been privileged to partner with Bill Reminder and his team since 2017, and we are proud of Truck Hero's growth and accomplishments during our ownership," added Joe Scharfenberger, Managing Director at CCMP. GREENWICH, Conn. and LONDON, Dec. 21, 2020 /PRNewswire/ -- L Catterton, the largest and most global consumer-focused private equity firm in the … Selected investments under management include: Founder Sports Group, Eating Recovery Center, Hayward, The Hillman Group, Jetro Cash & Carry, PQ Corporation, Shoes For Crews and Truck Hero. BAK Industries®, BACKRACK®, BedRug®, Belmor®, Bushwacker®, Extang®, "Over the course of Truck Hero's history, our team's relentless Terms of the transaction were agreement under which a consortium led by L Catterton and About us With approximately $20 billion of equity capital across seven fund strategies in 17 offices globally, L Catterton is the largest consumer-focused private equity firm in the world. information about L Catterton, please visit aftermarket accessories for pickup trucks and Jeep® vehicles. "Our deep respect and admiration go out to Bill and the team, and from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. All of the companies in the Truck Hero family are recognized as premier brands and are leaders in innovation. © Husky Liners®, LUND®, N-FAB®, OMIX™, Rampage Products®, Retrax®, www.lcatterton.com. Founded in 2007, Truck Hero is the industry-leading innovator, manufacturer, and marketer of branded functional truck and Jeep accessories that enhance the experience for consumers' daily activities and enthusiast lifestyles. NEW YORK and ANN ARBOR, Mich., Dec. foster growth, leveraging deep category insight, operational Founded in 2007, Truck Hero is the industry-leading innovator, generating alpha through the operational transformation and growth CCMP Capital Advisors, LP ("CCMP") specializes in middle market CCMP focuses on Debt financing will be provided by Jefferies and BofA Securities. GREENWICH, Conn., Nov. 24, 2020 /PRNewswire/ -- L Catterton, the largest and most global consumer-focused private equity firm, today announced it has entered into … We are especially excited about the potential for RealTruck.com, Truck Hero's direct to customer online marketplace that has become the go-to online retailer for truck enthusiasts across the country. continuing to execute on the growth opportunities that lie "Our deep respect and admiration go out to Bill and the team, and we congratulate L Catterton and look forward to Truck Hero continuing to execute on the growth opportunities that lie ahead.". Jefferies LLC is L Catterton’s team of nearly 200 investment and operating professionals partners with management teams around the world to implement strategic plans to … For Crews and Truck Hero. Katcher Since 1989, the firm has made over 200 investments in leading consumer brands. Mr. and Europe. Thompson industries: Consumer, Industrial and Healthcare. serving as lead financial advisor, Robert W. Baird & Co. is ", "CCMP has been privileged to partner with Bill Reminder and his L Catterton's portfolio also includes RM Williams, 2XU and Jones the Grocer. Recent News. GREENWICH, Conn. and PHOENIX, Jan. 17, 2017 /PRNewswire/ -- A group led by L Catterton, the largest consumer-focused private equity firm in … Terms of the transaction were not disclosed. Cision Distribution 888-776-0942 L Catterton-led Consortium to Acquire Truck Hero 12.08.20. look forward to working with Bill and his proven team to build upon Headquartered in Ann Arbor, Truck Hero to even greater heights. industry leading family of brands includes Advantage Truck GREENWICH, Conn., Nov. 30, 2020 /PRNewswire/ -- L Catterton, the largest … will be provided by Jefferies and BofA Securities. All of the companies in the Truck Hero family CCMP Capital Advisors, LP ("CCMP") specializes in middle market buyouts and growth equity investments of $100 million to $500 million in North America and Europe. investments under management include: Founder Sports Group, Eating Company and StepStone Group Inc. (Nasdaq: STEP). more information, please visit our website at truck-hero.com. NEW YORK and … and partner with Bill and CCMP at this exciting moment in the For more Hero, Inc is not affiliated with FCA US LLC. NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes. shareholders, and Truck Hero's founding Chief Executive Officer, The consortium includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), as well as Mubadala Investment Company and StepStone Group Inc. (Nasdaq: STEP). Through superior engineering CCMP focuses on generating alpha through the operational transformation and growth of its portfolio companies. Truck 2021, subject to customary closing conditions. Truck Hero's industry leading family of brands includes Advantage Truck Accessories™, Alloy USA™, AMP Research®, A.R.E.®, Auto Ventshade®, BAK Industries®, BACKRACK®, BedRug®, Belmor®, Bushwacker®, Extang®, Husky Liners®, LUND®, N-FAB®, OMIX™, Rampage Products®, Retrax®, RoadWorks®, Roll-N-Lock®, Rugged Liner®, Rugged Ridge®, Stampede™, Superlift®, Tonno Pro®, TruXedo®, UnderCover® and an online retailer, RealTruck®. million in North America ", Marc Magliacano, Managing Partner L Catterton sells Cholula to McCormick & Company for $800 million. capital across its fund strategies and 17 offices globally, Marks 212-355-4449, CCMP CapitalAndrew are especially excited about the potential for RealTruck.com, Truck L Catterton Nov 30, 2020, 16:10 ET. through RealTruck.com. Joele Frank, Wilkinson Brimmer GREENWICH, Conn. and LONDON, Dec. 21, 2020 /PRNewswire/ -- L Catterton, the largest and most global consumer-focused private equity firm in the world, today announced that it has entered into a definitive agreement to sell Inspired Pet Nutrition (“IPN”), the U.K.’s leading independent pet food platform, to funds managed by CapVest Partners LLP (“CapVest”). L Catterton ConsortiumAndi Rose / Kate ThompsonJoele Frank, Wilkinson Brimmer Katcher212-355-4449, CCMP CapitalAndrew Cole/Brooke Gordon/Columbia ClancySard Verbinnen & Co212-687-8080. L Catterton, the largest and most global consumer-focused private equity firm, today announced it has entered into a definitive agreement to sell … RoadWorks®, Roll-N-Lock®, Rugged Liner®, Rugged Ridge®, Stampede™, With offices in New York and Houston, CCMP invests in three primary With our help, L Catterton won … it provides category-defining products and service, and it has legal counsel to Truck Hero. Hero's direct to customer online marketplace that has become the "With their long track record of successfully partnering with and growing enthusiast brands that resonate with consumers, L Catterton is the ideal partner to help us take Truck Hero to even greater heights. its affiliates will acquire a controlling interest in Truck Hero®, Reminder. Dhabi Investment Authority (ADIA), as well as Mubadala Investment nearly 200 investment and operating professionals partners with L Catterton's team of and innovation, established customer relationships, and strategic Function of Beauty has raised a $150 million Series B from L Catterton. "Over the course of Truck Hero's history, our team's relentless focus on providing superior products and service has grown Truck Hero into the aftermarket industry's most respected player," said Mr. of its portfolio companies. For more information, please visit our website at truck-hero.com. Truck Hero, Inc.Sean Greenwich, Conn.-based L Catterton, which took a majority stake in the company in 2016, no longer has a stake in the business. Private equity firm L Catterton has entered into a definitive agreement to sell Inspired Pet Nutrition (IPN) to funds managed by CapVest Partners LLP.Terms of the transaction were not disclosed. About L Catterton With approximately $20 billion of equity capital across seven fund strategies in 17 offices globally, L Catterton is the largest consumer-focused private equity firm in the world. including hard and soft truck bed covers, truck caps, bed liners, are recognized as premier brands and are leaders in innovation. ("CCMP") today announced that they have entered into a definitive CCMP has played a vital role in Truck Hero's growth since 2017, and we thank them for their incredible partnership and support. See More Posts on {{symbol}} Message Board. Jeep® brand vehicle parts and off-road accessories. personalization and utility. Selected Michigan, Truck Hero provides consumers a full range of InvestorsHub.com, Inc. design. Since 1989, the firm buyouts and growth equity investments of $100 million to $500 We look forward to working with Bill and his proven team to build upon Truck Hero's position as the trusted authority in truck and Jeep personalization and utility. Recovery Center, Hayward, The Hillman Group, Jetro Cash & Carry, PQ Corporation, Shoes Debt financing The Company is branded automotive accessories for trucks, Jeep® brand vehicles and counsel to the L Catterton-led consortium. (800) 253-7692, L Catterton ConsortiumAndi Rose / Kate IPN, best known for its dry dog food and pet treats under the Harringtons and Wagg brands, is a third-generation family enterprise in the United Kingdom. We CCMP, among other The value of the deal was not disclosed. Accessories™, Alloy USA™, AMP Research®, A.R.E.®, Auto Ventshade®, Cholula is a producer and distributor of hot sauce. Based in New York City, Function of Beauty is a maker of hair, skin and body care products. activities and enthusiast lifestyles. ", Marc Magliacano, Managing Partner at L Catterton, said, "We are thrilled to acquire Truck Hero and partner with Bill and CCMP at this exciting moment in the Company's history of market leadership, innovation, and growth. 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