JOTT acquired by L CATTERTON
Context
L Catterton has completed the acquisition of a majority stake in JOTT (Just Over The Top), a French brand specializing in urban outerwear. The transaction enables the fund to become the controlling shareholder alongside founders Nicolas and Mathieu Gourdikian, who retain a minority stake and remain involved in the company's governance and operational development. This deal is part of a broader capital restructuring effort aimed at supporting a new phase of growth for the brand, characterized by accelerated international expansion and the development of a multichannel business model. L Catterton's investment comes at a time of high demand for premium lifestyle brands, driven by shifting consumer behaviors and the rising popularity of casualwear. The fund brings its extensive expertise in consumer and fashion brands to support JOTT's transformation into a global urbanwear player. The planned strategy focuses on accelerating international expansion, strengthening the physical distribution network, and developing the digital channel, while continuing to enhance the product offering through gradual upscaling. The current management team will remain in place to ensure strategic and operational continuity, allowing JOTT to build on its existing momentum and leverage L Catterton's resources to drive future growth.
JOTT, which reported an EBITDA margin of 35.7% in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in Marseille in 2010, JOTT (Just Over The Top) is a French brand that specializes in urban outerwear. Initially, the company built its reputation around a signature product: a lightweight, compact, and colorful down jacket that quickly established its identity and gained widespread recognition. Over time, JOTT has expanded its positioning to become a global player in the urbanwear market, offering a comprehensive range of clothing designed for everyday, all-season wear. The brand's strategy is centered on striking a balance between functionality, affordability, and contemporary aesthetics, with a strong focus on simplicity of design and consistency across its product lines. JOTT operates a multichannel distribution model, which includes a network of owned stores, shop-in-shops in major department stores, a wide presence in multibrand partner stores, and a rapidly growing e-commerce channel.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 50M - 100M EUR
EBITDA range: 10M - 30M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: jott
Acquirer: l catterton