Stay Informed with Marketcurrents: Exclusive Investment Updates on Industry Giants
July 14, 2023
The MarketCurrents Data service furnishes you with information regarding the data points of the most affluent families and investors worldwide. Recently, our database has been updated with five more family office profiles. Here’s a summary of these updated family office profiles.
L Catterton, a private equity firm backed by LVMH, is currently exploring various strategic options for Birkenstock, including the possibility of an initial public offering (IPO). This potential move could result in a valuation of over $6 billion for the renowned German sandal maker. Financière Agache, the family office of French billionaire Bernard Arnault and CEO of LVMH, partnered with L Catterton in the acquisition of the German sandal manufacturer.
Pixxel, a startup focusing on hyperspectral earth-imaging technology, has recently raised $36 million in a successful Series B funding round.Sparta Group LLC was one of the contributors to this funding initiative. With this fresh injection of capital, Pixxel’s mission to construct the world’s leading hyperspectral satellite constellation with unparalleled resolution will gain significant momentum. The ultimate goal of this ambitious project is to provide critical climate insights on a global scale. Sparta Group LLC, led by Gururaj “Desh” Deshpande, a seasoned entrepreneur and investor with a wealth of experience spanning several decades, is the multi-generational investment office involved in this funding round.
The Healing Company has recently revealed its successful attainment of up to $7 million in fresh investment from strategic partners, which includes the investment office of the Burman family. The Burman family serves as the majority shareholders of one of India’s largest consumer packaged goods (CPG) companies, renowned as the largest Ayurvedic company globally with an impressive market capitalization of $12 billion. This investment has been earmarked to bolster The Healing Company’s strategy of cultivating a community of influential healing brands by acquiring companies operating in the wellness, supplement, and nutraceutical sectors.
TRT Holdings (TRT) is a privately held single-family office based in Dallas, Texas. Founded in 1989, TRT has evolved into a diversified holding company with a strong presence in the state. Its primary areas of focus include hospitality, energy, fitness, and real estate. Throughout the years, TRT Holdings has successfully completed several notable acquisitions. In 1996, it acquired the renowned Omni Hotel chain, followed by the acquisition of Gold’s Gym International in 2004. Additionally, TRT Holdings expanded its portfolio with the acquisition of Cresta Construction, located in Irving, Texas.
The Dorman Group of Companies operates as a single-family office, overseeing investment management and various ventures on behalf of the Dorman family. The group primarily focuses on acquiring and expanding top-tier operational companies in engineered manufacturing, value-added distribution/logistics, business services, and metal processing/distribution.
Chief Partners L.P., established in 2007 by Bill Vanderstraaten in collaboration with Trevor Rees- Jones, operates as the commercial real estate investment division of the Rees-Jones family office. The investment portfolio of Chief Partners L.P. encompasses notable properties such as the West Woods Shopping Center, Sawmill Village Retail Center, Frisco Market Center Retail, and Pacific Corporate Place.
MarketCurrents Data provides extensive information about Global Single Family Offices, making it an excellent source for learning more about the family office mentioned above.
