Catterton, Out Fundraising, Exits LittleMissMatched

Catterton Partners has apparently sold LittleMissMatched.

Earlier this week, Delta Galil Industries said it had acquired the trademarks of LittleMissMatched. Financial terms were not announced. LittleMissMatched’s senior management team is joining Delta Galil USA, the statement says.

Israel-based Delta Galil makes and markets private label apparel like bras for women and underwear for men. Customers include Marks & Spencer, Target and JC Penney. Delta Galil’s main shareholder is GMM Capital, a firm that owns 54% of company shares. Isaac Dabah controls GMM, according to the Delta Galil website.

Catterton, which has been out fundraising this year, invested in LittleMissMatched in 2008. Catterton committed $17.3 million of growth capital to the company, according to a statement from that time. LittleMissMatched, founded in 2003, is known for its trendy, but mismatched socks that it sells for girls that are meant to inspire creativity. The company also sells accessories, bedding, furniture and cosmetics.

Officials for Catterton and LittleMissMatched couldn’t be reached for comment. (The LittleMissMatched website was offline Thursday.)

The exit is good news for Catterton, of Greenwich, Conn., that is out marketing its seventh buyout fund. Catterton is seeking $1.2 billion, peHUB has reported.

The consumer focused PE firm has been active this year. In August, Catterton acquired ePrize, which provides technology that allows brands to “engage” with consumers using cells phones and social media. Catterton, in July, completed its investment in Baccarat, a luxury crystal company. Catterton invested $36.3 million in Baccarat for a roughly 22% stake. Farley’s & Sathers, a Catterton portfolio company, agreed in May to merge with Ferrara Pan Candy Co. Catterton will retain a majority stake in the combined company.

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