Apax Partners, Altamir, LBO France and Nixen have signed an exclusive agreement with Bain Capital for the sale of Maisons du Monde, a specialist home decoration and furniture retailer.
The transaction is expected to be completed in the coming weeks.
Apax Partners and LBO France acquired a majority stake in Maisons du Monde in April 2008 partnering with its founder and chief executive Xavier Marie, the company’s management team, and Nixen.
Over the course of the last five years, Apax Partners, LBO France and Nixen have backed the company’s growth strategy, executed by Marie and his team in France and internationally. During that time (2007-2012), sales revenue grew from EUR230m to EUR500m driven by the opening of 51 new points of sale across several European markets, and by dynamic organic growth, which in turn was driven by the launch of new collections and growing e-commerce activity.
Management will remain a significant shareholder alongside Bain Capital.
