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Examples
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In June 2008, Restoration Hardware was acquired by private-equity firm Catterton Partners in a $179 million buyout, securing a deal over a rival offer by Sears Holdings Corp.
Restoration Hardware Plans Return to Stock Market John Kell 2011
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After Catterton took over, Archway began ratcheting back spending on in-store promotions, which distributors contended made their cookies less competitive in stores.
Dave Johnson: Companies As Buy-And-Sell Commodities - Workers, Customers and Country As Costs 2009
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Bankruptcy Court in Delaware, alleges Catterton turned a blind eye to a widespread accounting fraud at Archway that was neither "particularly sophisticated or ingenious."
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"Having been denied by the Court on January 9 in their efforts to block the conversion to Chapter 7, the creditors 'committee is now resorting to baseless claims in a' kitchen sink 'filing at the 11th hour," said a representative of Catterton, of Greenwich, Conn.
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A Catterton spokesman said Dan Hevesi's firm "arranged and attended meetings with numerous potential new investors throughout the U.S. in connection with one fund raised several years ago."
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Catterton also abruptly shut a bakery and distribution plant in Oakland, Calif., which had made Mother's Cookies for several decades.
Dave Johnson: Companies As Buy-And-Sell Commodities - Workers, Customers and Country As Costs 2009
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Catterton paid a finders 'fee on that investment to the firm of Mr. Hevesi's son,
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But credit had dried up, a person close to Catterton says, forcing Archway to close down.
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Catterton officials declined to comment on the lawsuit.
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A person close to Catterton said that decisions made after the closure were ruled by the court, adding that the sales may help relieve some of the problems caused by the bankruptcy.
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