L Catterton Unloads Thorne on Procter & Gamble for $3.8 Billion Deal

L Catterton has announced its plan to sell Thorne to Procter & Gamble for $3.8 billion. This deal marks a significant milestone in the private equity firm's history, with L Catterton having acquired Thorne in 2016. The acquisition of Thorne by Procter & Gamble is expected to strengthen the consumer goods company's portfolio and expand its presence in the health and wellness market.

Thorne, a leading provider of supplements and nutritional products, has seen significant growth under L Catterton's ownership. With this sale, Procter & Gamble gains access to Thorne's extensive product range and distribution network. The transaction is expected to be completed by the end of 2023.

L Catterton's exit from Thorne marks a successful investment for the private equity firm, with a significant return on its initial investment. This deal highlights L Catterton's ability to identify and acquire companies with strong growth potential, driving value creation through strategic investments and operational improvements.