March 16th, 2018 Natixis Partners has advised Jacques-Olivier Abiteboul (JJA’s owner and CEO) in the sale of a minority stake in JJA to TowerBrook

The shareholder of JJA, the leading French BtoB product and service provider of home furnishing & goods, completed a partnership with TowerBrook to support the business in its international expansion strategy. TowerBrook has acquired a minority stake in JJA, via its Structured Opportunities fund (“TSO”). Jacques-Olivier Abiteboul, JJA’s CEO since 1999, retains the majority stake in the company and will continue, together with JJA’s management team, to lead the company, its strategy and operations. Tikehau Capital has structured a unitranche debt to finance the transaction.

Founded in 1976, JJA has grown steadily over the past 3 decades and, in recent years, has accelerated its development with double-digit annual sales organic growth. JJA currently employs around 520 people and is highly regarded for the quality of its products and brands as well as for its operational, logistical and digital excellence. The Company has become a key partner to the main retail distribution channels in France in multiple product categories, ranging from home decoration to outdoor furniture, to kitchenware. In each category, JJA has developed its own well-recognized brands such as Hespéride, Atmosphera or Secret de Gourmet and offers to its retail clients a wide range of digital services to support their omni-channel capabilities.

JJA seeks to continue its strong growth in France and at the same time accelerate its international expansion.

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M&A team:

bruno stern
managing partner

jérôme vivien
executive director

Debt Advisory Team:

philippe charbonnier
managing director