L Catterton, the largest global consumer-focused private equity firm, co-led an $85 million investment round for NotCo, a food-tech company that uses proprietary technology to replace animal protein with ideal plant-based ingredients – recreating the same taste, smell, and function. The largest and fastest growing food-tech company in Latin America, NotCo plans to launch its global expansion by starting in the U.S. where the plant-based food industry has grown to a $5 billion market.
Barack Ferrazzano acted as counsel to L Catterton in this transaction. The team was led by Corporate & Securities Group partner Andrew R. Grossmann, as well as attorneys Megan Ratia and Katherine E. Gause. Intellectual property co-chair Scott J. Slavick and partner David H. Bluestone handled IP-related issues for this investment.