L Catterton is a global consumer-focused private equity firm with around $30bn of equity capital and 17 offices worldwide. The firm partners with management teams to implement strategic growth plans across consumer brands.
Portfolio
3
companies
AUM
£30000M
under management
Butternut Box
Butternut Box supplies fresh, human-grade dog food through a digital-first subscription service.
Freetrade
Freetrade operates a commission-free investment platform that opens up stock markets to retail investors.
Cazoo
Cazoo operates an e-commerce platform for purchasing used cars entirely online.
Michael Mitterlehner
Partner
Jean-Philippe Barade
Partner and head of London office
Jean-Philippe is a partner and head of the London office at L Catterton. His background includes private equity experience at Permira, Morgan Stanley Private Equity, and B&B Investment Partners.
LinkedInThe fresh dog food brand secured backing from L Catterton alongside existing investors White Star Capital, Five Seasons Ventures and Passion Capital.
"Butternut is driven by our founding purpose – to deliver health and happiness to dogs and their humans all over the world. We are delighted about the recent investment as it will facilitate us caring for more dogs than ever before."
Left Lane Capital led the round with participation from L Catterton and Draper Esprit.
"This is a transformational investment that will supercharge our mission to get everyone investing. It’s painful to see millions of investors across Europe stuck paying high fees and bogged down by complex terms and conditions. The costs of offering essential services like share dealing are simply not justifiable and erode valuable returns. Everyone already invests their time and their money on a daily basis, but there is so much more that millions can be doing to get the most out of their money. We are committed to helping everyone to achieve better financial outcomes."
The financing round was led by General Catalyst alongside several other prominent institutional investors.
"Over the past few months we have seen an acceleration in the shift from offline to online car buying as UK consumers have continued to embrace our unique and market-leading proposition. This latest funding demonstrates the conviction of some of the world’s best investors in both our business model and team as well as the UK market and gives Cazoo the firepower to deliver on our plans to provide the best possible car buying experience for UK consumers."
