Deals
L Catterton Said to Mull Japanese Eyewear Chain Owndays Sale
- A sale of the eyewear chain could fetch about $300 million
- L Catterton partnered with Mitsui to invest in Owndays in 2018
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L Catterton Asia Advisors, the Asian arm of the namesake consumer-focused buyout firm, is exploring a sale of Japanese eyewear retailer Owndays Inc., people with knowledge of the matter said.
L Catterton Asia has invited investment banks to submit proposals and will soon pick an adviser, said the people, who asked not to be identified as the information is private. The private equity firm is considering to divest the asset with its partner Mitsui & Co. in a sale that could fetch about $300 million, the people said.