L Catterton Plans New Lifeline for Boating Retailer West Marine

Retailer West Marine Inc. is planning to get a fresh liquidity boost from its private equity sponsor L Catterton amid talks with its lenders over its cash needs, according to people familiar with the situation.

The company, which operates boating supply and fishing focused stores, has been exploring options to help it address cash strains amid inflationary pressures, supply chain woes, and rising interest rates. The latest talks were contingent on L Catterton injecting more money into the firm, said the people, who asked not to be named because talks are private.

West Marine weighed a potential deal with Pacific ...