L Catterton completed the acquisition of a majority stake in Stenders.

L Catterton, a global consumer-focused investment firm, completed the acquisition of a majority stake in Stenders, a premium bath and body care company. Financial terms were not disclosed. “Consumers are progressively ‘trading up’ in the bath and body care market and we expect the trend to persist as they further gravitate towards such premium products like they have with facial skincare and hand care. Having brand values and stellar products which resonate with its target customers, Stenders has been able to astutely capitalize on this shift. There is still ample headroom for further growth and we look forward to partnering with Stenders’ management team to realize our shared goals,” Scott Chen, L Catterton managing partner.