L Catterton Latin American Acquisition, a blank check company formed by L Catterton, filed with the SEC to raise up to USD200m (offering 20m units at USD10) in an initial public offering.
(Renaissance Capital) L Catterton Latin America Acquisition, a blank check company formed by L Catterton targeting high-growth consumer sectors in Latin America, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The Greenwich, CT-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, L Catterton Latin America Acquisition would command a market value of $250 million.
The company is led by Executive Chairman Dirk Donath and CEO and Director Ricardo Salmon, who serve as Managing Partner and Senior Advisor at L Catterton focused on Latin America, respectively. The company plans to target high-growth consumer sectors across Latin America, but will not pursue businesses that invest in oil or gas reserves or real estate.
L Catterton Latin America Acquisition was founded in 2021 and plans to list on the NYSE under the symbol LCLA.U. The company filed confidentially on April 6, 2021. Credit Suisse is the sole bookrunner on the deal.