L Catterton Announces Completion of Continuation Fund to Extend its Partnership with PatientPoint Health Technologies
GREENWICH, Conn., July 28, 2023 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced the successful closing of a continuation fund transaction for its portfolio company PatientPoint Health Technologies™ ("PatientPoint"), a leading tech-enabled point-of-care patient engagement company.
- GREENWICH, Conn., July 28, 2023 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced the successful closing of a continuation fund transaction for its portfolio company PatientPoint Health Technologies™ ("PatientPoint"), a leading tech-enabled point-of-care patient engagement company.
- The transaction reaffirms L Catterton's long-term commitment and maintains its ownership in the business, allows L Catterton to return capital to investors, and provides PatientPoint with additional capital to support growth initiatives.
- "We are thrilled to extend our successful partnership with L Catterton in a transaction that validates the significant momentum we've generated," said Mike Collette, Founder and CEO of PatientPoint.
- Littlejohn & Co., who became a partner to L Catterton following PatientPoint's merger with Outcome Health in 2021, will retain its ownership.