L Catterton may purchase Australian brand Tigerlily

Investment firm L Catterton recently has been looking to add swimwear brand Tigerlily to its portfolio. Although not yet confirmed, there has been speculation that the Australian brand has been eyed by L Catterton for some time.

L Catterton executive chairman Philip Corne confirmed earlier this year to WWD that he was looking to add a couple more brands in Australia. As Tigerlily is based there, the addition of the swimwear brand could help add more growth to L Catterton’s portfolio. Also, The Australian reported that investment bank Moelis & Co. is advising on the acquisition of Tigerlily. Although L Catterton has not yet publicly confirmed this, the company has planned to “ramp up growth and development” for its investments in the Oceania region, according to the publication.

Tigerlily, established in 2000, has gained a reputation based on its unique textiles and distinguishable prints. Infusing both trendy and classic themes, the premium beachwear line has grown as an Australian brand and established itself as a lifestyle line.