Latham & Watkins Advises on Financing to Support L Catterton’s Acquisition of LTP Home Services Group

L Catterton, the largest global consumer-focused private equity firm, has announced that it has reached an agreement to acquire LTP Home Services Group, a leading residential plumbing and HVAC services platform operating in the Mid-Atlantic and Southeast regions, from Thompson Street Capital Partners (TSCP). TSCP will retain a board seat and minority stake in the company. Terms of the transaction were not disclosed. 

Latham & Watkins LLP represented the direct lenders in a financing to support the acquisition with a team led by partners Stelios Saffos, Peter Sluka, and Jason Ewart, with associates Aditi Sharma, Fizza Hasan, and Pad Rosand. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim; and on uniform commercial code matters by New York counsel Brian Rock.