Alantra advises L Catterton on the acquisition of JOTT

Feb 2021

Buy-side advisory & Debt financing

Paris – Alantra, the global mid-market investment banking and asset management specialist, is announcing today that it has advised consumer-focused private equity group L Catterton on the acquisition of a majority stake to French fashion brand JOTT (Just Over The Top). Alantra provided advisory services on both M&A and financing to L Catterton. 

Founded in Marseille (France) in 2010, JOTT is a leading French urban casualwear brand offering functional, comfortable, and versatile clothes, most notably is its distinct line of light down jackets. With a significant brand awareness and visibility in France, JOTT currently sells its collections of casual outerwear and accessory products through a network of concept stores as well as wholesale clients. It is a family-owned business with a network of 71 franchisees operating and 16 owned stores.

Though this transaction, JOTT is well positioned to accelerate its growth across Europe and Asia. The Gourdikian family, which founded and manage JOTT, will continue to hold a significant equity interest in the business.

L Catterton is LVMH’s international fund specializing in first-class consumer brands and has an exceptional track record of primary LBO in the fashion industry. Current and past apparel investments include GANT, SMCP (Sandro Maje Claudie Pierlot), ba&sh, Sweaty Betty, GANNI, Charles & Keith, and Rhone, among others. (SMCP, ba-sh, Ganni, etc.).

This is the second deal advised by Alantra to L Catterton, after advising the fund on the acquisition of Pinarello (click here to watch a video with Fausto Pinarello, CEO Pinarello, and Andrea Ottaviano, Managing Partner L Catterton, on their experience working with Alantra).

Franck Portais, Managing Partner at Alantra France, said, “Through this transaction JOTT, has found the best partner to further develop the business through its next phase of growth whilst keeping the continuity of the family in the business.”