L Catterton invests in Ganni

The firm intends to expand its brand internationally using L Catterton's brand-building strategy

The private equity firm has previously invested in contemporary fashion brands SMCP (Sandro Maje Claudie Pierlot), ba&sh, Pepe Jeans, Gant, Charles & Keith, Gentle Monster, Rhone and Giuseppe Zanotti.

L Catterton closed its eighth buyout fund L Catterton Partners VIII on $2.75bn, surpassing its target of $2.5bn, in November 2016.

The fund typically invests between $60-500m in high-growth and middle-market companies operating in consumer goods, food and beverages, and retail sectors across North America and Europe.

This is the firm's largest buyout fund to date, and attracted limited partners from around the world.

Company
Founded in 2000 and headquartered in Copenhagen, Ganni is a contemporary fashion brand offering women's ready-to-wear clothing. It sells its products through 21 concept stores across Denmark, Norway and Sweden, as well as in 400 global retailers.

People
L Catterton – Eduardo Velasco (partner).
Ganni – Nicolaj Reffstrup (CEO).

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• Topics
• Expansion
• Nordics
• Consumer
• Denmark