After it was reported that a private equity firm had approached it with a buyout offer, toy company Mattel said it is confident in its ability to deliver profits as an independent company. Following a news report that a private equity firm had approached Mattel with a buyout offer, the El Segundo-based toy company said it is "confident" in its ability to deliver profits as an independent, publicly traded company. Reuters reported Monday that L Catterton, a firm backed by luxury goods giant LVMH, had made Mattel an acquisition offer.
Catterton has $34 billion in assets under management and has made more than 250 investments in consumer brands. A spokesperson for Mattel said the company would "not comment on speculation." Reuters attributed the news of the offer to unnamed sources.
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Caroline Petrow-Cohen.
