09.10.24
L Catterton, a leading global consumer-focused investment firm, has acquired a majority stake in Stenders, a premium bath and body care company founded in Latvia in 2001.
The transaction enables Stenders to accelerate its international expansion across Asia, Europe, the Middle East, and the U.S.
Stenders crafts high-quality products inspired by the natural environment in northern Europe. Its current portfolio has over 400 products, that have been developed with a focus on safety, sustainability, and functionality.
All products are made in Latvia using natural ingredients and packaged using fully recyclable materials.
Scott Chen, a managing partner at L Catterton, commented,
“Consumers are progressively ‘trading up’ in the bath and body care market and we expect the trend to persist as they further gravitate towards such premium products like they have with facial skincare and hand care. Having brand values and stellar products which resonate with its target customers, Stenders has been able to astutely capitalize on this shift. There is still ample headroom for further growth and we look forward to partnering with Stenders’ management team to realize our shared goals.”
With a current presence in 20 countries worldwide, Stenders’ revenue has risen by around 20% annually over the past four years. Sales are generated through its omnichannel presence spanning over 300 stores worldwide, major e-commerce platforms, and its website.
Stenders Chief Operating Officer, Kristine Grapmane added,
“This partnership will unlock the next stage of growth for us. L Catterton has a proven track record of creating value for its portfolio companies and we are keen to tap into its insights, operating know-how, and network as we continue to expand across various geographies. Our focus will be on enlarging our presence, further enhancing the productivity of our stores, augmenting our e-commerce business, optimizing our manufacturing efficiency, and attracting talent.”
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The transaction enables Stenders to accelerate its international expansion across Asia, Europe, the Middle East, and the U.S.
Stenders crafts high-quality products inspired by the natural environment in northern Europe. Its current portfolio has over 400 products, that have been developed with a focus on safety, sustainability, and functionality.
All products are made in Latvia using natural ingredients and packaged using fully recyclable materials.
Scott Chen, a managing partner at L Catterton, commented,
“Consumers are progressively ‘trading up’ in the bath and body care market and we expect the trend to persist as they further gravitate towards such premium products like they have with facial skincare and hand care. Having brand values and stellar products which resonate with its target customers, Stenders has been able to astutely capitalize on this shift. There is still ample headroom for further growth and we look forward to partnering with Stenders’ management team to realize our shared goals.”
With a current presence in 20 countries worldwide, Stenders’ revenue has risen by around 20% annually over the past four years. Sales are generated through its omnichannel presence spanning over 300 stores worldwide, major e-commerce platforms, and its website.
Stenders Chief Operating Officer, Kristine Grapmane added,
“This partnership will unlock the next stage of growth for us. L Catterton has a proven track record of creating value for its portfolio companies and we are keen to tap into its insights, operating know-how, and network as we continue to expand across various geographies. Our focus will be on enlarging our presence, further enhancing the productivity of our stores, augmenting our e-commerce business, optimizing our manufacturing efficiency, and attracting talent.”
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