Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘stokomani’

The acquisition of Stokomani from Advent International

Posted by fidest press agency su lunedì, 7 Mag 2012

Paris, Sagard, Jean Jacques Namani (President of Stokomani) and his management team announced today that they have signed an agreement to acquire, from Advent International, Stokomani, the leading French discount wholesaler of leading brands. This transaction should be finalised by June 2012. The value of the transaction was undisclosed. For over 50 years, Stokomani has been the leading French specialist discounter of end-of-line products. Through its network of 37 stores, Stokomani offers a large range of constantly renewed brand name goods at attractive prices in the clothing, sportswear, beauty and healthcare, home ware or toy sectors. It is based on this unique concept, developed by Jean-Jacques Namani, the son of the company’s founder, that the group has achieved strong performance, doubling its size in five years and, today has sales of nearly 200 million euros. Frédéric Stolar, Partner at Sagard, declared: “We are delighted to accompany Jean-Jacques Namani in this new phase in the group’s development. We particularly appreciate the relevance of Stokomani’s model in the current economic environment, where consumers are seeking quality goods at attractive prices. In unfavourable conditions for specialised distribution, Stokomani has increased its turnover by over 15% per year, thanks to a remarkable management team and a permanently renewed offer. We are also delighted to be able to finalize this transaction in a difficult LBO market – evidence of the confidence that Stokomani and Sagard hold with senior and mezzanine lenders who are financing the transaction and thank them for that.”
Sagard is a French investment fund that provides equity capital to support the development of mid-sized companies led by ambitious management teams. Created by the Desmarais family (Power Corporation of Canada) in 2003, it manages close to €1.5 billion in funds. Since 2004, Sagard and its team of 10 professionals have carried out 20 investments in the industrial and service sectors. For more information, please visit http://www.sagard.com
Founded in 1984, Advent International is one of the world’s leading global buyout firms, with offices in 16 countries on four continents. A driving force in international private equity for 27 years, Advent has built an unparalleled global platform of over 160 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic repositioning opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since inception, Advent has raised €19.4 billion in private equity capital and, through its buyout programmes, has completed over 270 transactions in 35 countries. For more information, visit http://www.adventinternational.com.

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