(Bloomberg) The founding family of Tod’s SpA is teaming up with buyout firm L Catterton in a new attempt to take the company private, with a bid that values the Italian luxury brand at about €1.4 billion ($1.5 billion). Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in California Helicopter CrashNATO Joins White House in Rejecting Trump’s Remarks on AllianceTesla’s Slide Has Investors Wondering If It’s Still MagnificentL Catte
MILAN, Feb 11 Italy’s luxury shoemaker Tod’s will delist from the Milan stock exchange and go private under a deal with private equity fund L Catterton, backed by LVMH.
/PRNewswire/ L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in Sploot Veterinary.
Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition (LCAA). All of the financing was secured based on a $5.5 billion valuation, China-headquartered Lotus Technology said in a statement. Investors will be issued public shares upon closing of the business combination with LCAA, and result in Lotus Technology having a free float of over 19%, excluding existing LCAA shareholders, it said.