Cosmetics brand Stenders acquired by L Catterton

Written By Keven Chen

L Catterton has acquired a majority stake in Latvian bath and body care brand, Stenders. The investment is aimed at supporting Stenders’ growth in Asia, Europe, the Middle East, and the US.

Transaction snapshot

  • Deal value: N/A

  • Deal multiples: N/A

  • Deal type: Majority acquisition

  • Investors: L Catterton

Founded in 2001, Stenders has a product range of over 400 items and operates more than 300 stores globally. Financial terms of the deal were not disclosed.

Stenders' chief operating officer, Kristine Grapmane, stated that the partnership would accelerate the company’s expansion efforts. Key priorities will include expanding store presence, boosting Ecommerce, improving manufacturing efficiency, and attracting talent.

Stenders has achieved a 20% annual revenue growth over the past four years.

L Catterton, founded in 1989, manages approximately $35 billion in assets and has made over 275 investments in leading consumer brands.

Keven Chen
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