L Catterton, which owns Birkenstock, 2XU, West Marine and other consumer brands, has held discussions with banks with a possible initial public offering or SPAC merger, sources told Reuters.

Discussions are at an early stage and final decisions have not been made.

Headquartered in Greenwich, CT, L Catterton manages more than “$28 billion in assets.” It was created in 2016 as a joint venture between consumer-focused private equity firm Catterton, Louis Vuitton, owner LVMH, and Groupe Arnault, the family holding of Bernard Arnault, CEO, LVMH.

Owned investments in the active lifestyle space include Birkenstock, 2XU, West Marine, JOTT, Leslie’s, Bliss, Naya Waters, Pinarello and Seafolly. Venture and minority investments include Bodytech, ClassPass, Equinox, Everlane, Hydrow, iFIT Health & Fitness, Rhone, Sweaty Betty, Tonal, X2 Performance, and Xponential Fitness.

Photo courtesy L.Catterton