NiXEN entered into exclusive negotiations for the sale of Maisons du Monde
LBO France, Apax Partners, Altamir and NiXEN have entered into exclusive negotiations with Bain Capital for the sale of Maisons du Monde
Apax Partners (along with 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 CEO, 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 Xavier Marie and his team in France and internationally. During that time (2007-2012), sales revenue grew from €230 M to €500 M 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.
Bain Capital has a long history of supporting growth in unique consumer brands and rolling out strong retail concepts in numerous categories and geographies. Maisons du Monde founder and CEO, Xavier Marie, and his management team are excited to have Bain Capital as their partner for the next phase of growth of the company, including accelerating the international store roll-out and the development of the online platform. Management will remain a significant shareholder alongside Bain Capital.