mynth
03/2020

JOTT acquired by L CATTERTON

FRANCE Consumer Products / Fashion & Apparel REV 50M - 100M EUR

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 , a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).

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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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

FREE VIEW
Year
Rev
EBITDA
EBIT
2019
70M
25M
2018

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REFERENCES

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of JOTT by L CATTERTON are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: jott

Acquirer: l catterton