L Catterton, the private equity firm backed by French billionaire and LVMH chief Bernard Arnault, is said to be considering an initial public offer this year that could value the firm at $3bn or more.
The PE firm recently hired Goldman Sachs and Morgan Stanley to lead an IPO that could happen this summer, according to a WSJ report. The Greenwich, Connecticut-based company managed about $30bn.
Reuters first reported in July that L Catterton was said to be evaluating going public. An IPO comes after rival TPG, one of the most well known PE firms, went public last month and now has a market cap of $8.9bn.
Read more: Seeking Alpha
