Effective Capital is pleased to announce the acquisition of Modani from Maisons du Monde (SBF120 : MDM) by the historical founders and the private equity fund Optimal Investment Group.

A missed integration

Established in 2007 and based in Miami, Modani has a network of 17 stores in several major U.S. cities and also markets its offerings through its website and marketplaces.

In May 2018, public company Maisons du Monde had acquired 70% of the company’s capital, with the remaining shares held by the historical founders.

An ambitious recovery plan

The investor pool led by Optimal Investment Group, a U.S. private equity firm specializing in mid-cap acquisitions, has reached an agreement to acquire a 46% stake in Modani from Maisons du Monde, with the balance held by minority shareholders.

For its part, Maisons du Monde’s stake in its American joint-venture has been reduced from 70% to 15%.

The founders want to move forward again, combining a denser network of physical stores with major investments in its Web site.

Key people involved:

  • Seller: Maisons du Monde
  • Buyer: Optimal Investment Group, Nathan Cohen, Yonel Fellous
  • Buyer’s M&A advisor: Effective Capital, Ilan Elbase