Thorne HealthTech acquired by L Catterton
L Catterton acquired Thorne HealthTech, a vitamins & supplements brand, on Oct 16, 2023.
Transaction summary
- Target
- Thorne HealthTech
- Acquirer
- L Catterton Investor profile →
- Seller
- -
- Announced
- 2023-08-28
- Geography
- -
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-06-19
- Latest update
- 2026-07-13
Parties at the deal date
Acquirer
Current investor profile →L Catterton is one of the world's leading consumer products focused private equity firms. L Catterton has deep expertise in consumer products, having made more than 200 investments since 1989, and being co-owned by LVMH (which owns brands including Louis Vuitton). We are able to provide our portfolio companies with access to substantial in-house and external resources to drive operational improvements and further growth. L Catterton has five current consumer brand investing platforms: a Flagship Buyout fund focused on $50-400m investments in North American and European companies, a North American Growth fund focused on $10-50m investments, a Latin American Fund focused on $40-75m investments, a Western Europe fund focused on EUR 25-75m investments, and an Asia fund focused on $50-150m investments. L Catterton also has a real estate fund that invests as a co-developer in large scale, mixed-use projects anchored by luxury retail. L Catterton was formed in 2016 through the merger of L Capital (the PE arm of LVMH) and Catterton, a US Private Equity firm.
Snapshot preserved for this transaction; current company profiles may differ.
Value and multiples
100% enterprise value
USD 681M
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
3.7x
Period not stated
Basis: FundComb estimate
EV / EBITDA
21.2x
EBITDA: normalised / adjusted
Basis: Derived from source data
Basis
- EBITDA = $681,000,000 implied TEV / 21.2x = $32,122,642. Source: https://www.sec.gov/Archives/edgar/data/1844280/000119312523251140/d472624dsc14d9a.htm
Other reviewed estimates
Earlier estimates and their sources.
Source summary
Thorne HealthTech, Inc. Enters into Definitive Agreement to be Acquired by L Catterton for $10.20 Per Share in Cash - PR Newswire
ConfirmedThorne HealthTech Schedule 14D-9/A
EstimatedAmended solicitation/recommendation statement discloses Canaccord precedent transaction analysis and proposed Thorne transaction implied TEV and LTM Adjusted EBITDA multiple.
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